Guideline Value for Easwaran Nagar 7th Street

Easwaran Nagar 7th Street guideline value

The current guideline value of Easwaran Nagar 7th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Commercial Class I Type - II.

How the guideline value of Easwaran Nagar 7th Street has changed

The guideline value for Easwaran Nagar 7th 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 change of +66%. In 2007, the value rose significantly to Rs 470 per sq.ft, which is an increase of +41%. The next revision in 2017 saw a substantial jump to Rs 1,675 per sq.ft, reflecting a change of +256%. The value then increased to Rs 2,500 per sq.ft in 2023, a rise of +49%. The most recent revision in 2024 sets the guideline value at Rs 2,750 per sq.ft, which is a +10% increase from the previous year.

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 +1268%.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Easwaran Nagar 7th Street's 2024 figure above this median.

• Easwaran Nagar 6th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 3rd Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 7th 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, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees total Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Nagar 7th Street?

The Sub Registrar Office that covers Easwaran Nagar 7th 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 the registration process of property transactions in Pammal. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for buyers and sellers alike, as it helps in estimating the costs involved in property transactions. It ensures that both parties are aware of the financial obligations related to the registration process.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 7th Street?

The current guideline value of Easwaran Nagar 7th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 201 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall change of +1268%.

What is the stamp duty rate for properties in Easwaran Nagar 7th Street?

The stamp duty rate for properties in Easwaran Nagar 7th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

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

What are the guideline values of other streets in Pammal?

The guideline values of other streets in Pammal vary, with figures ranging from Rs 880 to Rs 3,300 per sq.ft. For instance, Easwaran Nagar 6th Street is valued at Rs 2,725 per sq.ft, while Easwaran Nagar 8th and 9th Streets are both valued at Rs 2,750 per sq.ft.