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Guideline Value

Corporate

Guideline Value for Eswaran Nagar 3rd Street

₹3100/sq.ft.

The guideline value for Eswaran Nagar 3rd Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Eswaran Nagar 3rd Street

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Eswaran Nagar 3rd Street guideline value

The current guideline value of Eswaran Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Eswaran Nagar 3rd Street has changed

In the 2012 revision, the guideline value was Rs 2,800 per sq.ft. This figure decreased to Rs 1,876 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,800 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the value at Rs 3,100 per sq.ft, reflecting an increase of 11% from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which is equal to the guideline value of Eswaran Nagar 3rd Street.

Stamp duty and registration fee for property in Eswaran Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Nagar 3rd Street?

The Eswaran Nagar 3rd Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the registration process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher value between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eswaran Nagar 3rd Street?

The current guideline value of Eswaran Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,800 per sq.ft in 2012, Rs 1,876 per sq.ft in 2017, Rs 2,800 per sq.ft in 2023, and finally Rs 3,100 per sq.ft in 2024.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram that share the same guideline value of Rs 3,100 per sq.ft in 2024 include Eswaran Nagar 2nd Street, Eswaran Nagar 4th Street, Eswaran Nagar 1st Street, Eswaran Nagar 1st Main Street, and Eswaran Nagar.

What is the registration fee for property in Eswaran Nagar 3rd Street?

The registration fee for property in Eswaran Nagar 3rd Street is calculated based on the guideline value or sale price. For example, for a plot valued at Rs 31,00,000, the registration fee would be Rs 62,000 at 2%.

Where can I find the Sub Registrar Office for Eswaran Nagar 3rd Street?

The Sub Registrar Office for Eswaran Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information through the provided link.