Guideline Value for ESWARAN NAGAR

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Eswaran Nagar has changed

The guideline value for Eswaran Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 30 per sq.ft, which increased to Rs 50 per sq.ft in 2007. The value saw a significant jump of 500% to Rs 300 per sq.ft in 2012, followed by a decrease of 33% to Rs 201 per sq.ft in 2017. The 2023 revision marked an increase to Rs 300 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1000%. It is important to note that the register has no figure for Eswaran Nagar for the year 2002.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Eswaran Nagar.

• E.V.R. Periyar Nagar: Rs 330 per sq.ft (2024)
• Dr. Kalaigar Karunanidhi Nagar: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES: Rs 330 per sq.ft (2024)
• GAYATHRI AVENUE/Extension: Rs 330 per sq.ft (2024)
• Gayathri Nagar: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Nagar?

Eswaran Nagar falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Nanthiambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly according to government standards.

During the registration process, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This practice helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1000% over this period.

What is the land classification for Eswaran Nagar?

Eswaran Nagar is classified as Residential Special Type - II, which indicates its designation for residential use.

What fees are associated with buying property in Eswaran Nagar?

When purchasing property in Eswaran Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for transactions in Eswaran Nagar?

The Thiruvottiyur Sub Registrar Office covers Eswaran Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.