Guideline Value

Corporate

Guideline Value for ESWARAN AVENUE

₹440/sq.ft.

The guideline value for Eswaran Avenue in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Eswaran Avenue

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Eswaran Avenue guideline value

The current guideline value of Eswaran Avenue, located in Atthivakkam village, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Eswaran Avenue has changed

Over the years, the guideline value of Eswaran Avenue has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then rose again to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The overall change from the 2012 figure to the 2024 figure is an increase of 10%.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Atthivakkam

Atthivakkam village has 27 streets under the Redhills SRO, with a 2024 guideline value range from Rs 275 to Rs 1,400 per sq.ft. The median value for these streets is Rs 440 per sq.ft, which is the same as the current guideline value for Eswaran Avenue.

Stamp duty and registration fee for property in Eswaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, calculated at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Avenue?

The Sub Registrar Office that covers Eswaran Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Atthivakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally recorded and taxed appropriately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Eswaran Avenue?

The current guideline value of Eswaran Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Eswaran Avenue?

Eswaran Avenue is classified as Residential Class I Type - I.

Which Sub Registrar Office covers Eswaran Avenue?

The Redhills Sub Registrar Office covers Eswaran Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Eswaran Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.