Guideline Value for ESWARI NAGAR EXTENSION

Eswari Nagar Extension guideline value

The current guideline value of Eswari Nagar Extension is Rs 2,630 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Eswari Nagar Extension has changed

The guideline value for Eswari Nagar Extension has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,600 per sq.ft. This increased to Rs 2,389 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 raised the value to Rs 2,630 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for these streets is Rs 1,350 per sq.ft, making the current value for Eswari Nagar Extension above that median.

• Eswari Nagar: Rs 2,630 per sq.ft (2024)
• Dhana Garden: Rs 1,350 per sq.ft (2024)
• Golden City: Rs 1,210 per sq.ft (2024)
• Hari Sai Nagar: Rs 3,290 per sq.ft (2024)
• Charles Nagar: Rs 1,350 per sq.ft (2024)
• Jai Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,630 per sq.ft, the total guideline value amounts to Rs 26,30,000. The stamp duty at 7% would be Rs 1,84,100, and the registration fee at 2% would be Rs 52,600, bringing the total to Rs 2,36,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswari Nagar Extension?

The Sub Registrar Office covering Eswari Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolumanivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Eswari Nagar Extension?

The current guideline value of Eswari Nagar Extension is Rs 2,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,600 per sq.ft in 2017 to Rs 2,630 per sq.ft in 2024, which is an overall increase of 64%.

What are the other streets in Kolumanivakkam?

Other streets in Kolumanivakkam include Eswari Nagar, Dhana Garden, Golden City, Hari Sai Nagar, Charles Nagar, and Jai Nagar, each with their respective guideline values for 2024.

What fees are involved when registering a property?

The fees involved in registering a property include stamp duty, which is 7% of the guideline value, and a registration fee of 2% of the guideline value.

Where can I find the Sub Registrar Office for Eswari Nagar Extension?

The Sub Registrar Office for Eswari Nagar Extension is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information through the provided link.