Guideline Value for Easwaran Nagar 3rd Street

Easwaran Nagar 3rd Street guideline value

The current guideline value of Easwaran Nagar 3rd Street is Rs 2,725 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 - III.

How the guideline value of Easwaran Nagar 3rd Street has changed

The guideline value for Easwaran Nagar 3rd Street has undergone several revisions over the years. Starting from Rs 201 per sq.ft in 2002, it increased to Rs 334 per sq.ft in 2003, marking a 66% rise. The value further rose to Rs 470 per sq.ft in 2007, a 41% increase, and then saw a significant jump to Rs 1,675 per sq.ft in 2017, which is a 256% increase. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% rise from the previous figure. The current guideline value of Rs 2,725 per sq.ft in 2024 reflects a 9% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

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 value for these streets is Rs 2,090 per sq.ft, placing Easwaran Nagar 3rd Street's value above this median.

• Easwaran Nagar 2nd Street: Rs 2,750 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)
• Easwaran Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 6th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar, 1st Cross street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, while the registration fee at 2% would be Rs 54,500, bringing the total fees to Rs 2,45,250. It is important to note that 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 information.

Which Sub Registrar Office covers Easwaran Nagar 3rd Street?

The Sub Registrar Office that covers Easwaran Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 Pammal

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 3rd Street?

The current guideline value of Easwaran Nagar 3rd Street is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2002 to Rs 2,725 per sq.ft in 2024, reflecting a total increase of 1,256% over this period.

What is the land classification for Easwaran Nagar 3rd Street?

Easwaran Nagar 3rd Street is classified as Commercial Class I Type - III.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Easwaran Nagar 3rd Street's value of Rs 2,725 per sq.ft being above this median.