Guideline Value for Easwar Nagar

Easwar Nagar guideline value

The current guideline value of Easwar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Easwar Nagar has changed

The guideline value for Easwar Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking an increase of 833%. However, it saw a decrease to Rs 938 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,400 per sq.ft in 2023, and most recently, it has increased to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 927%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the current value for Easwar Nagar.

• Easwaran Koil Cross Street: Rs 1,540 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Eswaran Koil to Yadhawal Street: Rs 1,540 per sq.ft (2024)
• Gajendra Maestri Nagar: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar 1st Cross: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar 2nd Cross: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Easwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Easwar Nagar?

The Sub Registrar Office that covers Easwar Nagar 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 Thiruverkadu

The guideline value plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When you buy or sell property, the guideline value is referenced to calculate applicable fees, ensuring that the transaction is conducted fairly and transparently. It is essential for both parties to understand how this value impacts their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Easwar Nagar?

The current guideline value of Easwar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 927% over the years.

What are the other streets with the same guideline value in Thiruverkadu?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Easwaran Koil Cross Street, Eswaran Koil Street, Eswaran Koil to Yadhawal Street, Gajendra Maestri Nagar, Ganapathy Nagar 1st Cross, and Ganapathy Nagar 2nd Cross.

What is the registration fee for property in Easwar Nagar?

The registration fee for property in Easwar Nagar is typically calculated as 2% of the guideline value. For a property valued at Rs 15,40,000, the registration fee would be Rs 30,800.

Where is the Sub Registrar Office located for Easwar Nagar?

The Sub Registrar Office for Easwar Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.