Guideline Value for ESWARAN NAGAR

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Kaivandoor village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Eswaran Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft, marking a -33% change. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained at this level in the 2024 revision, showing no change from the previous year.

There are no figures available for Eswaran Nagar in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Kaivandoor

In Kaivandoor, there are 9 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 120 to Rs 750 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the current value for Eswaran Nagar.

• Gaja Lakshmi Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 150 per sq.ft (2024)
• R.K.Nagar Town Ship: Rs 120 per sq.ft (2024)
• S.V.S Nagar: Rs 120 per sq.ft (2024)
• Vijayalakshmi Avenue: Rs 750 per sq.ft (2024)
• Blooming Gardens Phase-II: Rs 500 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Eswaran Nagar?

The Sub Registrar Office that covers Eswaran Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kaivandoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on either the guideline value or the sale price, whichever is higher.

When buying or selling property in this area, it is crucial to be aware of the guideline value as it directly impacts the costs associated with the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the figure at Rs 150 per sq.ft. The value was Rs 100 per sq.ft in 2017, and it was Rs 150 per sq.ft in 2012.

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

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500, and the registration fee is Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Eswaran Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Eswaran Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Eswaran Nagar?

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