Guideline Value for ESWARI NAGAR

Eswari Nagar guideline value

The current guideline value of Eswari Nagar, located in Attanthangal village under the Redhills SRO, is Rs 880 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Eswari Nagar has changed

Looking back at the revisions, the guideline value for Eswari Nagar has seen several changes over the years. In 2012, the guideline value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose significantly to Rs 800 per sq.ft in 2023, and finally reached Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Eswari Nagar at this median value.

• Gandhi Memorial Nagar: Rs 440 per sq.ft (2024)
• Gandhi Nagar: Rs 880 per sq.ft (2024)
• Gopalapuram Nagar: Rs 550 per sq.ft (2024)
• Brindavan Nagar: Rs 550 per sq.ft (2024)
• Jai Nagar: Rs 550 per sq.ft (2024)
• Jothi Nagar: Rs 550 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. 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?

Eswari Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eswari Nagar?

The current guideline value of Eswari Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally reached Rs 880 per sq.ft in 2024.

What is the land classification for Eswari Nagar?

Eswari Nagar is classified as Residential Class I Type - I, which designates it for residential purposes.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Eswari Nagar?

Eswari Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.