Guideline Value for Eswaran Nagar 4th Street

Eswaran Nagar 4th Street guideline value

The current guideline value of Eswaran Nagar 4th 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, and is classified as Residential Class II Type - I.

How the guideline value of Eswaran Nagar 4th Street has changed

Looking at the revisions over the years, the guideline value for Eswaran Nagar 4th Street was Rs 2,800 per sq.ft in 2023, which increased to Rs 3,100 per sq.ft in the 2024 revision, reflecting a change of +11%. Prior to that, in 2017, the value was Rs 1,876 per sq.ft, showing a significant increase of +49% to the 2023 figure. The 2012 revision listed the value at Rs 2,800 per sq.ft, which marked a decrease of -33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by +11%.

The register has no figures for Eswaran Nagar 4th Street in the years 2002, 2003, and 2007.

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, with the median being Rs 3,100 per sq.ft. The guideline value for Eswaran Nagar 4th Street is equal to this median.

• Eswaran Nagar 3rd Street: Rs 3,100 per sq.ft (2024)
• Eswaran Nagar 2nd Street: Rs 3,100 per sq.ft (2024)
• Eswaran Nagar 1st Street: Rs 3,100 per sq.ft (2024)
• Eswaran Nagar 1st Main Street: Rs 3,100 per sq.ft (2024)
• Eswaran Nagar: Rs 3,100 per sq.ft (2024)
• Eswaran Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, while the registration fee at 2% would be Rs 62,000, bringing the total cost together to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Eswaran Nagar 4th Street?

The Sub Registrar Office that covers Eswaran Nagar 4th Street is 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 here.

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

The guideline value is a crucial factor during property registration in Ramapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a legally recognized value.

Frequently asked questions

What is the current guideline value of Eswaran Nagar 4th Street?

The current guideline value of Eswaran Nagar 4th 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 changes, with the most recent increase of +11% from Rs 2,800 per sq.ft in 2023 to Rs 3,100 per sq.ft in 2024.

What is the land classification for Eswaran Nagar 4th Street?

Eswaran Nagar 4th Street is classified as Residential Class II Type - I.

Which Sub Registrar Office should I visit for transactions in Eswaran Nagar 4th Street?

The Chennai South Joint II Sub Registrar Office is responsible for transactions in Eswaran Nagar 4th Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions in Ramapuram. It ensures that the property is registered at a legally recognized value, impacting the overall cost of the transaction.