Guideline Value for Easwaran Nagar 6th Street

Easwaran Nagar 6th Street guideline value

The current guideline value of Easwaran Nagar 6th 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 6th Street has changed

The guideline value for Easwaran Nagar 6th 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 value had reached Rs 1,675 per sq.ft, reflecting a substantial 256% increase from 2007. The next revision in 2023 set the value at Rs 2,500 per sq.ft, showing a 49% increase from 2017. The latest revision in 2024 has further increased the value to Rs 2,725 per sq.ft, which is a 9% rise from 2023. It is important to note that the register has no figure for this street in 2012.

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 for these streets is Rs 2,090 per sq.ft, positioning Easwaran Nagar 6th Street's 2024 value above this median.

• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 3rd Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 9th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 6th 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, while the registration fee at 2% would be Rs 54,500. Together, the total cost for stamp duty and registration fee would be Rs 2,45,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Nagar 6th Street?

The Sub Registrar Office that covers Easwaran Nagar 6th 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 is an essential factor when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration of property transactions. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is registered, the guideline value is used to assess the applicable duties. The authorities charge the stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 6th Street?

The current guideline value of Easwaran Nagar 6th 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. Notable increases include a 256% rise from 2007 to 2017 and a 49% rise from 2017 to 2023.

What is the classification of Easwaran Nagar 6th Street?

Easwaran Nagar 6th Street is classified as Commercial Class I Type - III. This classification is important for determining its usage and potential for development.

Where can I find the Sub Registrar Office for Easwaran Nagar 6th Street?

The Sub Registrar Office for Easwaran Nagar 6th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 27,25,000, the stamp duty at 7% would be Rs 1,90,750.