Guideline Value for Esco Nagar

Esco Nagar guideline value

The current guideline value of Esco Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village under the Selaiyur SRO, classified as Residential Class III Type - IV.

How the guideline value of Esco Nagar has changed

The guideline value for Esco Nagar has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2024 revision, marking a change of +7%.

Prior to the 2023 revision, the register does not provide figures for the aforementioned years. The current guideline value reflects the latest assessment and is now set at Rs 1,600 per sq.ft.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. Esco Nagar's 2024 figure is below the median value of Rs 2,900 per sq.ft.

• Ezhil Nagar: Rs 2,700 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 2,950 per sq.ft (2024)
• Dream Park Extension: Rs 3,300 per sq.ft (2024)
• Dream Park: Rs 2,700 per sq.ft (2024)
• Gandhi Street: Rs 2,400 per sq.ft (2024)
• Deivalakshmi Nagar: Rs 2,950 per sq.ft (2024)

Stamp duty and registration fee for property in Esco Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 more information.

Which Sub Registrar Office covers Esco Nagar?

The Sub Registrar Office covering Esco Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Chitthalapakkam. It determines the base value for calculating stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it is used to assess the taxes payable to the government. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Esco Nagar?

The current guideline value of Esco Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Esco Nagar has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a +7% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Chitthalapakkam?

The median guideline value in Chitthalapakkam is Rs 2,900 per sq.ft for the year 2024, with Esco Nagar's value being below this median.

What are the stamp duty and registration fees for property in Esco Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 1,600 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,44,000. This includes a 7% stamp duty and a 2% registration fee.

Where is the Sub Registrar Office for Esco Nagar located?

The Sub Registrar Office for Esco Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.