Guideline Value for Easwaran Nagar ,Cross Street

Easwaran Nagar ,Cross Street guideline value

The current guideline value of Easwaran Nagar ,Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Easwaran Nagar ,Cross Street has changed

Over the years, the guideline value for Easwaran Nagar ,Cross Street has seen several revisions. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, making the current value of Easwaran Nagar ,Cross Street above the median.

• Easwaran Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 6th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar ,Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Easwaran Nagar ,Cross Street?

The Sub Registrar Office that covers Easwaran Nagar ,Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the fair value of the property.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Easwaran Nagar ,Cross Street?

The current guideline value of Easwaran Nagar ,Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% over these years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is lower than the current value of Easwaran Nagar ,Cross Street.

What are the stamp duty rates applicable in Easwaran Nagar ,Cross Street?

The stamp duty rate applicable in Easwaran Nagar ,Cross Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Easwaran Nagar ,Cross Street?

The Sub Registrar Office for Easwaran Nagar ,Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.