Guideline Value for Easwaran Nagar 4th Street

Easwaran Nagar 4th Street guideline value

The current guideline value of Easwaran Nagar 4th 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 4th Street has changed

The guideline value for Easwaran Nagar 4th Street 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. The value continued to rise to Rs 470 per sq.ft in 2007, representing a 41% increase. By 2017, the guideline value reached Rs 1,675 per sq.ft, showing a substantial 256% increase from 2007. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from the previous revision. The most recent revision in 2024 has brought the guideline value to Rs 2,725 per sq.ft, reflecting a 9% increase from 2023.

The register does not have figures for the year 2012 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Easwaran Nagar 4th Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Easwaran Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Nagar 4th Street?

The Sub Registrar Office that covers Easwaran Nagar 4th 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 information.

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 as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is referred to for calculating the applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is either equal to or greater than the guideline value. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 4th Street?

The current guideline value of Easwaran Nagar 4th 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 significantly from Rs 201 per sq.ft in 2002 to Rs 2,725 per sq.ft in 2024, reflecting an overall increase of 1,256% over the years.

What is the land classification for Easwaran Nagar 4th Street?

Easwaran Nagar 4th Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750, and the registration fee would be Rs 54,500, totaling Rs 2,45,250.

Which office handles registrations for Easwaran Nagar 4th Street?

The Pammal Sub Registrar Office handles registrations for Easwaran Nagar 4th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.