Guideline Value for Easwari Main Cross Road

Easwari Main Cross Road guideline value

The current guideline value of Easwari Main Cross Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Issa Pallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Easwari Main Cross Road has changed

The guideline value for Easwari Main Cross Road has seen several revisions over the years. In 2003, the value was Rs 875 per sq.ft, which increased to Rs 900 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 3,000 per sq.ft, but it then dropped to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 277%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Easwari Main Cross Road.

• Easwari Main Road: Rs 3,850 per sq.ft (2024)
• Elumalai Street: Rs 3,300 per sq.ft (2024)
• Fathima Manzal Street: Rs 2,200 per sq.ft (2024)
• Dharga Road (PART): Rs 3,850 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Ganesan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Easwari Main Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwari Main Cross Road?

The Sub Registrar Office covering Easwari Main Cross Road 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 Issa Pallavaram

The guideline value plays a crucial role in property transactions in Issa Pallavaram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that the guideline value is set by the government and is updated periodically, reflecting the market conditions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Easwari Main Cross Road?

The current guideline value of Easwari Main Cross Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 875 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 277% over this period.

What is the classification of land on Easwari Main Cross Road?

Easwari Main Cross Road is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Easwari Main Cross Road?

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

How is the stamp duty calculated for properties in Easwari Main Cross Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000.