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Guideline Value

Corporate

Guideline Value for Easwari Nagar 1st Street

₹3750/sq.ft.

The guideline value for Easwari Nagar 1st Street in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3750 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 7% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3750 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Easwari Nagar 1st Street

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Easwari Nagar 1st Street guideline value

The current guideline value of Easwari Nagar 1st Street is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Easwari Nagar 1st Street has changed

The guideline value for Easwari Nagar 1st Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision saw a notable increase to Rs 3,500 per sq.ft, followed by a further increase of 7% to the current value of Rs 3,750 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 525% from Rs 600 per sq.ft in 2007 to Rs 3,750 per sq.ft in 2024.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 3,750 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 guideline value of Easwari Nagar 1st Street above this median.

Stamp duty and registration fee for property in Easwari Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,750 per sq.ft, the total guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, making the total cost Rs 3,37,500. 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 detailed calculations.

Which Sub Registrar Office covers Easwari Nagar 1st Street?

The Sub Registrar Office that covers Easwari Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Gowrivakkam

The guideline value is a critical factor in the registration process when buying or selling property in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwari Nagar 1st Street?

The current guideline value of Easwari Nagar 1st Street is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,750 per sq.ft in 2024, reflecting an overall increase of 525% over the years.

What is the land classification for Easwari Nagar 1st Street?

Easwari Nagar 1st Street is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Easwari Nagar 1st Street?

The Sub Registrar Office for Easwari Nagar 1st Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at a rate of 7%, along with a registration fee of 2%.