Guideline Value for ESWARAN NAGAR

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Eswaran Nagar has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. From 2017 to 2023, the value increased significantly by 49% to Rs 200 per sq.ft, which was maintained in the 2023 revision. The most recent 2024 revision also set the guideline value at Rs 200 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for Eswaran Nagar.

• D.S.N. Nagar: Rs 200 per sq.ft (2024)
• Ganesh Rajan Nagar-( S.No.393/2): Rs 250 per sq.ft (2024)
• Golden Nagar(Sno232/2): Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar & Annex: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): Rs 200 per sq.ft (2024)
• Chelliyamman Nagar & Annex: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that 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?

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 Venmanamputhur

The guideline value is a crucial factor in the registration process of property transactions in Venmanamputhur. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Eswaran Nagar?

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

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Eswaran Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.