Guideline Value for ESWARAN NAGAR ANNEX - III

Eswaran Nagar Annex - III guideline value

The current guideline value for Eswaran Nagar Annex - III is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Pammathukulam village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Eswaran Nagar Annex - III has changed

The guideline value for Eswaran Nagar Annex - III has undergone several revisions over the years. The earliest recorded value is from 2012, where it was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased to Rs 600 per sq.ft in 2023, and finally, it rose to Rs 660 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 value to the 2024 value, there has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Eswaran Nagar Annex - III is above this median.

• Eswaran Nagar Extension: Rs 825 per sq.ft (2024)
• Eswaran Nagar Extension-I: Rs 825 per sq.ft (2024)
• Eswaran Nagar Extension III: Rs 660 per sq.ft (2024)
• Eswaran Nagar Annex II: Rs 660 per sq.ft (2024)
• Eswari Nagar: Rs 660 per sq.ft (2024)
• Eswaran Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Nagar Annex - III

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Nagar Annex - III?

The Sub Registrar Office covering Eswaran Nagar Annex - III 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 Pammathukulam

The guideline value is an essential factor when registering property transactions in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are applied based on the value of the property. Buyers and sellers should be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Eswaran Nagar Annex - III?

The current guideline value for Eswaran Nagar Annex - III 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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Eswaran Nagar Annex - III?

Eswaran Nagar Annex - III is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Eswaran Nagar Annex - III is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Eswaran Nagar Annex - III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 46,200.