Guideline Value for Easwaran Nagar 2nd Street

Easwaran Nagar 2nd Street guideline value

The current guideline value of Easwaran Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Easwaran Nagar 2nd Street has changed

The guideline value for Easwaran Nagar 2nd Street has seen significant changes over the years. Starting from the 2002 revision, the guideline value was Rs 201 per sq.ft. This figure increased to Rs 334 per sq.ft in 2003, marking a 66% rise. In 2007, the value further increased to Rs 470 per sq.ft, which is a 41% increase from the previous revision. The 2012 revision does not have a figure recorded for this street. The value then rose to Rs 1,675 per sq.ft in 2017, reflecting a substantial increase of 256% from 2007. The guideline value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which is a 49% increase from 2017.

The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year. 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 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, placing Easwaran Nagar 2nd Street's 2024 figure above that median.

• Easwaran Nagar 3rd Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar, 1st Cross street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 10th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 2nd 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 is charged at 7%, which would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Therefore, the total cost for stamp duty and registration 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Nagar 2nd Street?

The Sub Registrar Office that covers Easwaran Nagar 2nd 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 a crucial factor during the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 2nd Street?

The current guideline value of Easwaran Nagar 2nd Street is Rs 2,750 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 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, an overall increase of 1268%.

What are the stamp duty rates for property in Easwaran Nagar 2nd Street?

The stamp duty for property in Easwaran Nagar 2nd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Easwaran Nagar 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Easwaran Nagar 2nd Street's 2024 figure being above this median.