Guideline Value for ESWARAN NAGAR EXTENSION III

Eswaran Nagar Extension III guideline value

The current guideline value of Eswaran Nagar Extension III is Rs 660 per sq.ft, effective from 1 July 2024. This area 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 Extension III has changed

The guideline value for Eswaran Nagar Extension III has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 600 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 660 per sq.ft, marking a 10% rise from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pammathukulam

Pammathukulam village has a total of 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 of Eswaran Nagar Extension III is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to 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, making the total Rs 59,400. It is important to note that 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 Extension III?

The Sub Registrar Office that covers Eswaran Nagar Extension 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 a crucial factor in the registration process when buying or selling property in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Eswaran Nagar Extension III?

The current guideline value of Eswaran Nagar Extension 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the stamp duty for property in Eswaran Nagar Extension III?

The stamp duty for property in Eswaran Nagar Extension III is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Eswaran Nagar Extension III?

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

What is the land classification for Eswaran Nagar Extension III?

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