Guideline Value for Easwaran Nagar 5th Street

Easwaran Nagar 5th Street guideline value

The current guideline value of Easwaran Nagar 5th 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 5th Street has changed

The guideline value for Easwaran Nagar 5th 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, a 41% increase from the previous revision. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a substantial increase of 256%. The value further increased to Rs 2,500 per sq.ft in 2023, a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,725 per sq.ft, representing a 9% increase from 2023.

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

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the 2024 figure for Easwaran Nagar 5th Street above this median.

• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 6th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 3rd Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 8th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 5th 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, resulting in a total of Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Nagar 5th Street?

The Sub Registrar Office that covers Easwaran Nagar 5th 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 when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 5th Street?

The current guideline value of Easwaran Nagar 5th 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, marking an overall increase of 1,256% over the years.

What are the stamp duty and registration fees for properties in Easwaran Nagar 5th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 2,45,250.

Which office handles property registrations in Pammal?

The Pammal Sub Registrar Office handles property registrations in Pammal. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Pammal?

The guideline value is determined by the Registration Department and is revised periodically to reflect changes in the real estate market. It serves as a benchmark for property transactions within the jurisdiction.