Guideline Value for Easwaran Nagar

Easwaran Nagar guideline value

The current guideline value of Easwaran Nagar, located in Zaminpallavaram village, is Rs 3,300 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Easwaran Nagar has changed

The guideline value for Easwaran Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 139 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a 332% rise. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until the 2023 revision. In 2023, it was again recorded at Rs 3,000 per sq.ft, showing no change from the previous revision.

In 2024, the guideline value rose to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 2274%, showcasing significant growth over the years.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with the median being Rs 3,300 per sq.ft. The guideline value of Easwaran Nagar aligns with this median.

• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)
• Easwari Nagar: Rs 2,100 per sq.ft (2024)
• East Pudhuvai Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 2nd 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

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 Zaminpallavaram

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is determined by the government and is subject to periodic revisions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the latest figures to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Easwaran Nagar?

The current guideline value of Easwaran Nagar is Rs 3,300 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 139 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2274% over the years.

What is the registration office for Easwaran Nagar?

The registration office for Easwaran Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for property in Easwaran Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.

What are the other streets with guideline values in Zaminpallavaram?

Other streets in Zaminpallavaram include Easwaran Koil Street, Easwari Nagar, East Pudhuvai Nagar 5th Street, East Pudhuvai Nagar 4th Street, East Pudhuvai Nagar 3rd Street, and East Pudhuvai Nagar 2nd Street, with values ranging from Rs 2,100 to Rs 3,300 per sq.ft.