Guideline Value for Easwari Nagar

Easwari Nagar guideline value

The current guideline value of Easwari Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Easwari Nagar has changed

The guideline value for Easwari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 990 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value of Easwari Nagar.

• Eligancia: Rs 770 per sq.ft (2024)
• Ezhil Nagar: Rs 550 per sq.ft (2024)
• Dharanirajapuram: Rs 770 per sq.ft (2024)
• Ganapthipuram: Rs 990 per sq.ft (2024)
• Blue Bird City Phase II: Rs 770 per sq.ft (2024)
• Balaji Nagar Part I: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Easwari Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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?

The Sub Registrar Office that covers Easwari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Panapakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

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?

The current guideline value of Easwari Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Easwari Nagar?

Easwari Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.