Guideline Value for Easwaran Nagar 9th Street

Easwaran Nagar 9th Street guideline value

The current guideline value of Easwaran Nagar 9th 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 9th Street has changed

The guideline value for Easwaran Nagar 9th 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, followed by a substantial jump to Rs 1,675 per sq.ft in 2017, reflecting a 256% increase. The guideline value was not available for this street in the 2012 revision. The value then increased to Rs 2,500 per sq.ft in 2023, which was a 49% rise from the previous figure. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO with a guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, making the 2024 figure for Easwaran Nagar 9th Street above this median.

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

Stamp duty and registration fee for property in Easwaran Nagar 9th 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Nagar 9th Street?

The Sub Registrar Office that covers Easwaran Nagar 9th 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 during the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for the registration process. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 9th Street?

The current guideline value of Easwaran Nagar 9th 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 increased significantly from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1268% over the years.

What is the land classification of Easwaran Nagar 9th Street?

Easwaran Nagar 9th Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Easwaran Nagar 9th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at the rate of 7%.