Guideline Value for Eswar Nagar

Eswar Nagar guideline value

The current guideline value of Eswar Nagar, a village in Mangadu -A under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Eswar Nagar has changed

The guideline value of Eswar Nagar has seen several revisions over the years. The earliest revision available is from 2017, when the guideline value was Rs 938 per sq.ft. This figure increased to Rs 1,400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a further increase of 10% from the previous year.

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

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Eswar Nagar's 2024 figure below the median.

• EVP Sri Ram Nagar: Rs 1,870 per sq.ft (2024)
• East Kamatchi Nagar: Rs 1,540 per sq.ft (2024)
• Gandhi Nagar / Jeeva Nagar: Rs 1,540 per sq.ft (2024)
• Dr. Sri Hari Avenue: Rs 1,870 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,540 per sq.ft (2024)
• Govindaraj Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Eswar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswar Nagar?

Eswar Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the financial obligations of both the buyer and the seller. The registration process will require adherence to this value, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Eswar Nagar?

The current guideline value of Eswar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

The guideline value of Eswar Nagar in 2023 was Rs 1,400 per sq.ft. This was an increase of 49% from the 2017 revision.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft, which is higher than the current value of Eswar Nagar.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in Eswar Nagar and surrounding areas.