Guideline Value for ESHWARI AVENUE

Eshwari Avenue guideline value

The current guideline value of Eshwari Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Sethupakkam village and falls under the Arani_Tiruvallur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Eshwari Avenue has changed

The guideline value for Eshwari Avenue has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision, reflecting a total increase of 49% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a 49% increase, moving from Rs 134 per sq.ft to Rs 200 per sq.ft. The 2024 revision did not alter the value, maintaining it at Rs 200 per sq.ft, indicating stability in the guideline value over the last year.

Guideline values in Sethupakkam

Currently, there are no specific village figures available for Sethupakkam. Eshwari Avenue is one of the streets under the Arani_Tiruvallur SRO, and as of now, there are no other streets listed in Sethupakkam.

Stamp duty and registration fee for property in Eshwari Avenue

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eshwari Avenue?

The Sub Registrar Office that covers Eshwari Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Sethupakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Sethupakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers should be aware that the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions.

When a property is sold, the higher of the guideline value or the sale price is considered for the purpose of calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Eshwari Avenue?

The current guideline value of Eshwari Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Eshwari Avenue increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a total increase of 49% from 2017 to 2024.

What is the land classification for Eshwari Avenue?

Eshwari Avenue is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property in Eshwari Avenue?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Eshwari Avenue located?

The Sub Registrar Office for Eshwari Avenue is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.