Guideline Value for Eashwari Nagar

Eashwari Nagar guideline value

The current guideline value of Eashwari Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Eashwari Nagar has changed

Over the years, the guideline value of Eashwari Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. However, this value decreased to Rs 603 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought the value back up to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 395% in the guideline value.

Guideline values in Mannivakkam

Mannivakkam features 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value in this village is Rs 1,215 per sq.ft, placing Eashwari Nagar's 2024 figure below this median.

• Ganapathy Nagar: Rs 990 per sq.ft (2024)
• Gopal Nagar: Rs 1,320 per sq.ft (2024)
• Gowri KeerthiVasan Garden: Rs 990 per sq.ft (2024)
• Indirani Nagar: Rs 990 per sq.ft (2024)
• Indrani Ramachandran Avenue: Rs 770 per sq.ft (2024)
• Jaya Nagar Extension M.G.R. Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Eashwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, calculated at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, these fees amount to Rs 89,100. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eashwari Nagar?

Eashwari Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Eashwari Nagar?

The current guideline value of Eashwari Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What are the stamp duty and registration fees for Eashwari Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the median guideline value in Mannivakkam?

The median guideline value in Mannivakkam is Rs 1,215 per sq.ft, with Eashwari Nagar's 2024 figure being below this median.