Guideline Value for ESWARAN NAGAR

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar, located in Karanodai village under the Redhills SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Eswaran Nagar has changed

Over the years, the guideline value of Eswaran Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, but it dropped to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karanodai

Karanodai village has 38 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,000 per sq.ft. The median value is Rs 1,210 per sq.ft, placing Eswaran Nagar's 2024 figure above that median.

• Ganapathy Nagar: Rs 440 per sq.ft (2024)
• Ganesh Nagar: Rs 1,650 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 440 per sq.ft (2024)
• Ganga Nagar: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,210 per sq.ft (2024)
• Gnt Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Nagar?

The Sub Registrar Office covering Eswaran Nagar 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 Karanodai

The guideline value plays a crucial role during property transactions in Karanodai. It is used to assess the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared against the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft in 2024.

What is the land classification for Eswaran Nagar?

Eswaran Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Eswaran Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

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

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