Guideline Value for Easwaran Nagar 8th Street

Easwaran Nagar 8th Street guideline value

The current guideline value of Easwaran Nagar 8th Street is Rs 2,750 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 - II.

How the guideline value of Easwaran Nagar 8th Street has changed

The guideline value for Easwaran Nagar 8th Street has seen significant changes over the years. In 2002, the guideline value was Rs 201 per sq.ft. This increased to Rs 334 per sq.ft in 2003, marking a change of +66%. The value further rose to Rs 470 per sq.ft in 2007, which represents an increase of +41%. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a substantial increase of +256% from the previous revision. The register has no figure for this street in 2012.

From 2017 to 2023, the guideline value increased to Rs 2,500 per sq.ft, which is a change of +49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, marking an increase of +10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1268%.

Guideline values in Pammal

Pammal village has a total of 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 in this area is Rs 2,090 per sq.ft, placing Easwaran Nagar 8th Street's 2024 figure above that median.

• Easwaran Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 6th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar 5th Street: Rs 2,725 per sq.ft (2024)
• Easwaran Nagar, Cross Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 4th Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, together totaling Rs 2,47,500. It is important to note that the 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 8th Street?

The Sub Registrar Office that covers Easwaran Nagar 8th 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 a crucial factor when registering property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transfers. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing property, the guideline value helps to establish a fair price for the transaction, ensuring that both parties are aware of the financial obligations involved. It is essential for buyers to be informed about the current guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 8th Street?

The current guideline value of Easwaran Nagar 8th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +1268%.

What is the land classification for Easwaran Nagar 8th Street?

Easwaran Nagar 8th Street is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for Easwaran Nagar 8th Street?

The Sub Registrar Office for Easwaran Nagar 8th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.