Guideline Value for Easwari Nagar

Easwari Nagar guideline value

The current guideline value of Easwari Nagar, located in Zaminpallavaram village, is Rs 2,100 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Easwari Nagar has changed

The guideline value of Easwari Nagar has undergone several revisions over the years. In 2003, the value was Rs 297 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision saw a rise to Rs 2,000 per sq.ft, but it then dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision brought it back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,100 per sq.ft. Notably, there is no figure available for the street in the 2002 revision.

Between the revisions, the guideline value has seen significant changes. From 2003 to 2007, there was an increase of 169%. The value then surged by 150% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023 and finally rose by 5% from 2023 to 2024. Overall, the guideline value has increased by 607% from 2003 to 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value of Easwari Nagar below this median.

• Easwaran Nagar: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 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 Easwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Easwari Nagar?

The Sub Registrar Office that covers Easwari 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 is crucial during property transactions in Zaminpallavaram as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value for calculating applicable duties and fees during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction price, ensuring that the registration reflects an accurate and fair value. This helps maintain transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Easwari Nagar?

The current guideline value of Easwari Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 297 per sq.ft in 2003, increasing to Rs 2,100 per sq.ft in 2024, with various changes in between.

What is the land classification of Easwari Nagar?

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

What is the registration office for Easwari Nagar?

The registration office for Easwari 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 in Easwari Nagar?

Stamp duty in Easwari Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,89,000 in stamp duty and registration fees.