Guideline Value for Easwari Nagar

Easwari Nagar guideline value

The current guideline value of Easwari Nagar, located in Kerugambakkam village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Easwari Nagar has changed

The guideline value for Easwari Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further raised the value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kerugambakkam

In Kerugambakkam, there are a total of 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Easwari Nagar is below this median.

• Eswaran Koil Street: Rs 1,980 per sq.ft (2024)
• Eswari Garden: Rs 1,980 per sq.ft (2024)
• Dr.CHOWDAPPA NAGAR PHASE - II: Rs 2,860 per sq.ft (2024)
• Dr.Ambethkar Street (ward 9): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Street (ward 2): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Nagar: Rs 1,650 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. 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 further calculations.

Which Sub Registrar Office covers Easwari Nagar?

The Sub Registrar Office that covers Easwari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kerugambakkam. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwari Nagar?

The current guideline value of Easwari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is a total increase of 64% over this period.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Easwari Nagar?

The Pammal Sub Registrar Office handles property registrations in Easwari Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate revenue is collected by the government based on the higher of the guideline value or sale price.