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Guideline Value

Corporate

Guideline Value for Easwari Nagar 2nd Street

₹3750/sq.ft.

The guideline value for Easwari Nagar 2nd 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 2nd Street

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Easwari Nagar 2nd Street guideline value

The current guideline value of Easwari Nagar 2nd Street is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Easwari Nagar 2nd Street has changed

The guideline value for Easwari Nagar 2nd Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which rose significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 increased it to Rs 3,750 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a 49% increase in the guideline value. The 2023 to 2024 revision reflects a 7% increase. Notably, the overall change from 2007 to 2024 shows a remarkable increase of 525% in the guideline value.

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, with a median value of Rs 2,200 per sq.ft. The guideline value for Easwari Nagar 2nd Street is above this median.

Stamp duty and registration fee for property in Easwari Nagar 2nd 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwari Nagar 2nd Street?

The Sub Registrar Office covering Easwari Nagar 2nd 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 crucial factor when registering property in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Easwari Nagar 2nd Street?

The current guideline value of Easwari Nagar 2nd 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 a total increase of 525% over the years.

What is the land classification for Easwari Nagar 2nd Street?

The land classification for Easwari Nagar 2nd Street is Commercial Class I Type - I.

What are the stamp duty rates for property in Easwari Nagar 2nd Street?

The stamp duty for property in Easwari Nagar 2nd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers the area of Easwari Nagar 2nd Street?

The Selaiyur Sub Registrar Office covers the area of Easwari Nagar 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.