Guideline Value for ESWARAN NAGAR

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar in Nelllikuppam village is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Residential Special Type - II.

How the guideline value of Eswaran Nagar has changed

Over the years, the guideline value for Eswaran Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft, a figure that remained consistent through the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Eswaran Nagar. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the guideline value has stabilized at Rs 500 per sq.ft since 2012.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO, with guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, positioning Eswaran Nagar's 2024 figure below this median.

• Elite Grand City Phase VI: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase V: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase IV: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase III: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase II: Rs 1,493 per sq.ft (2024)
• Elite Grand City Annex: Rs 1,000 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Nagar?

The Sub Registrar Office that covers Eswaran Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the registration process. This helps maintain 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 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017 and an increase back to Rs 500 per sq.ft in 2023.

What are the other guideline values in Nelllikuppam?

In Nelllikuppam, the guideline values range from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. Eswaran Nagar's value is below this median.

What are the fees for registering a property in Eswaran Nagar?

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Eswaran Nagar located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, and is responsible for registrations in Eswaran Nagar.