Guideline Value for ESHWARAN NAGAR PHASE-II

Eshwaran Nagar Phase-II guideline value

The current guideline value of Eshwaran Nagar Phase-II is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Uthukkadu - A, under the Walajabad Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Eshwaran Nagar Phase-II has changed

Over the years, the guideline value for Eshwaran Nagar Phase-II has seen several revisions. The most recent figures show that the guideline value was Rs 350 per sq.ft in both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 234 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, maintaining the same value from 2023 to 2024, which reflects a 50% overall increase from 2017 to 2024.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Eshwaran Nagar Phase-II's 2024 guideline value aligns with this median.

• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Ganesha Nagar: Rs 300 per sq.ft (2024)
• Devi Sri Ellamman Nagar: Rs 300 per sq.ft (2024)
• Devi Sri Ellai Amman Nagar: Rs 300 per sq.ft (2024)
• Gs Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Eshwaran Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. Please 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 details.

Which Sub Registrar Office covers Eshwaran Nagar Phase-II?

The Eshwaran Nagar Phase-II area falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor during property registration in Uthukkadu - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and tax purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eshwaran Nagar Phase-II?

The current guideline value of Eshwaran Nagar Phase-II is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50% to Rs 350 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Eshwaran Nagar Phase-II?

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

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the provided link.

How is stamp duty calculated for properties in Eshwaran Nagar Phase-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft incurs a total guideline value of Rs 3,50,000, leading to a stamp duty of Rs 24,500.