Guideline Value for Eswar Avenue

Eswar Avenue guideline value

The current guideline value of Eswar Avenue in Molachoor village, under the Sunguvarchattram SRO, is Rs 605 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Eswar Avenue has changed

The guideline value for Eswar Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which saw a slight increase to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 605 per sq.ft, reflecting a 1% rise from 2023.

It is important to note that there are no recorded figures for Eswar Avenue in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Eswar Avenue's 2024 figure above this median.

• ETR Avenue: Rs 1,200 per sq.ft (2024)
• Fathima Nagar: Rs 600 per sq.ft (2024)
• Elango Street: Rs 600 per sq.ft (2024)
• Dream Land Nagar: Rs 605 per sq.ft (2024)
• Gandhi Street: Rs 600 per sq.ft (2024)
• Domnic Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Eswar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total cost to Rs 54,450. It is important to note that 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 details.

Which Sub Registrar Office covers Eswar Avenue?

Eswar Avenue falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Eswar Avenue?

The current guideline value of Eswar Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, reflecting an overall increase of 51% over this period.

What is the land classification for Eswar Avenue?

Eswar Avenue is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Eswar Avenue?

For a property valued at Rs 6,05,000, the stamp duty would be Rs 42,350 and the registration fee would be Rs 12,100, totaling Rs 54,450.

Where can I find the Sub Registrar Office for Eswar Avenue?

The Sub Registrar Office covering Eswar Avenue is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.