Guideline Value for ESWARI NAGAR

Eswari Nagar guideline value

The current guideline value of Eswari Nagar, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 2,630 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - II.

How the guideline value of Eswari Nagar has changed

The guideline value for Eswari Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,389 per sq.ft, which was then increased by 10% to Rs 2,630 per sq.ft in the 2024 revision.

This increase reflects a notable adjustment in the value of properties in the area, with the 2024 figure being higher than the previous year's value. The transition from Rs 2,389 to Rs 2,630 indicates a significant change in the guideline value for Eswari Nagar.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft, with a median value of Rs 1,350 per sq.ft. Eswari Nagar's 2024 figure of Rs 2,630 per sq.ft is above this median, indicating its relative positioning within the village.

• Eswari Nagar Extension: 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

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, calculated at 7%, would be Rs 1,84,100, while the registration fee at 2% would be Rs 52,600. Together, the total costs would amount to Rs 2,36,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswari Nagar?

The Sub Registrar Office that covers Eswari Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Kolumanivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the process of buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to accurately calculate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Eswari Nagar?

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

How has the guideline value changed over the years?

The guideline value for Eswari Nagar was Rs 2,389 per sq.ft in 2023 and increased by 10% to Rs 2,630 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Eswari Nagar?

Eswari Nagar is classified as Mixed Type - II, which indicates the type of development and usage allowed in the area.

What are the stamp duty and registration fees for a property in Eswari Nagar?

The stamp duty for a property valued at Rs 26,30,000 would be Rs 1,84,100, and the registration fee would be Rs 52,600. Together, the total costs would amount to Rs 2,36,700.

Where is the Sub Registrar Office for Eswari Nagar located?

The Sub Registrar Office covering Eswari Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. It is advisable to visit this office for any registration-related queries.