Guideline Value for Easwaran Nagar 10th Street

Easwaran Nagar 10th Street guideline value

The current guideline value of Easwaran Nagar 10th 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 10th Street has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 201 per sq.ft, which increased to Rs 334 per sq.ft in 2003, marking a 66% rise. By 2007, the value further rose to Rs 470 per sq.ft, a 41% increase from the previous revision. The 2017 revision recorded a substantial jump to Rs 1,675 per sq.ft, reflecting a 256% increase. The value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which was a 49% increase from 2017. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no guideline value for Easwaran Nagar 10th Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1268%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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, which means that the guideline value of Easwaran Nagar 10th Street is above this median.

• Easwaran Nagar, 1st Cross street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 3rd Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. 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 precise calculations.

Which Sub Registrar Office covers Easwaran Nagar 10th Street?

The Sub Registrar Office that covers Easwaran Nagar 10th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pammal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the land records.

When a property is sold, the buyer must 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.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 10th Street?

The current guideline value of Easwaran Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 201 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1268%.

What is the land classification of Easwaran Nagar 10th Street?

Easwaran Nagar 10th Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Easwaran Nagar 10th Street?

The Sub Registrar Office for Easwaran Nagar 10th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000.