Guideline Value for Easwaran Nagar

Easwaran Nagar guideline value

The current guideline value of Easwaran Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 4,125 per sq.ft. This value is effective from 1 July 2024 and falls under the Mixed Type - I land classification.

How the guideline value of Easwaran Nagar has changed

Over the years, the guideline value of Easwaran Nagar has seen significant changes. Starting from Rs 182 per sq.ft in 2003, it increased to Rs 850 per sq.ft in 2007, marking a rise of 367%. The value then surged to Rs 3,750 per sq.ft in 2012, a substantial increase of 341%. However, it decreased to Rs 2,512 per sq.ft in 2017, reflecting a drop of 33%. The value further increased to Rs 3,750 per sq.ft in 2023, and then rose to the current rate of Rs 4,125 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2166%, showcasing a significant rise over the years.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Easwaran Nagar's current value above this median.

• Easwaran Nagar 1 To 6 Streets: Rs 4,125 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Easwaran Nagar (B): Rs 4,125 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Darmaraja Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Anna Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total to Rs 3,71,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Nagar?

The Sub Registrar Office that covers Easwaran Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kilkattalai

The guideline value plays a crucial role during property transactions in Kilkattalai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized value set by the authorities.

Additionally, the guideline value helps in establishing a fair basis for property transactions, providing transparency and consistency in the registration process. Buyers and sellers can refer to the guideline value to understand the legal and financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Easwaran Nagar?

The current guideline value of Easwaran Nagar is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 182 per sq.ft in 2003 and reaching Rs 4,125 per sq.ft in 2024, marking an overall increase of 2166% since 2003.

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

For a property valued at Rs 41,25,000, the stamp duty would be Rs 2,88,750 and the registration fee would be Rs 82,500, totaling Rs 3,71,250.

Which registration office covers Easwaran Nagar?

The Pallavaram Sub Registrar Office covers Easwaran Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Easwaran Nagar?

Easwaran Nagar falls under the Mixed Type - I land classification, which is important for understanding the zoning regulations applicable to the area.