Guideline Value for EASWARAN NAGAR

Easwaran Nagar guideline value

The current guideline value of Easwaran Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Easwaran Nagar has changed

The guideline value for Easwaran Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced by 33% to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest 2024 revision has raised it further by 10% to Rs 660 per sq.ft.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with the median being Rs 660 per sq.ft. The guideline value for Easwaran Nagar matches this median.

• Easwaran Kovil Street: Rs 550 per sq.ft (2024)
• Easwaran Nagar Sector II: Rs 660 per sq.ft (2024)
• East Mada Veedhi: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)
• Ganapathy Nagar (Chen): Rs 660 per sq.ft (2024)
• Gandhi Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Easwaran Nagar?

The Sub Registrar Office that covers Easwaran Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role during the registration of property transactions in Thirukkachur - 1. It serves as a benchmark to determine the minimum value at which properties can be registered, ensuring that the transaction is conducted fairly according to the established rates.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees that must be paid. This ensures that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Easwaran Nagar?

The current guideline value of Easwaran Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Easwaran Nagar?

Easwaran Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft incurs a total of Rs 59,400 in fees.

Which office handles property registrations in Easwaran Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations for Easwaran Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.