Guideline Value for Eashwar Colony

Eashwar Colony guideline value

The current guideline value of Eashwar Colony in Thalakanancherry village, under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - II land classification.

How the guideline value of Eashwar Colony has changed

The guideline value for Eashwar Colony has seen significant changes over the years. In 2007, the guideline value was Rs 1,700 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 135%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 159%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, and Eashwar Colony's 2024 figure is above this median.

• DTE Colony: Rs 3,900 per sq.ft (2024)
• Elangai Agathigal kudiyiruppu: Rs 2,200 per sq.ft (2024)
• Dr.PANDIYAN ROAD: Rs 3,900 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)
• Dr Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Eashwar Colony

For a 1,000 sq.ft plot in Eashwar Colony at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. Please 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 Eashwar Colony?

The Sub Registrar Office that covers Eashwar Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Eashwar Colony?

The current guideline value of Eashwar Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over this period.

What is the land classification of Eashwar Colony?

Eashwar Colony is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Eashwar Colony?

The Sub Registrar Office for Eashwar Colony is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 incurs a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.