Guideline Value for Eswaran Nagar Annex

Eswaran Nagar Annex guideline value

The current guideline value of Eswaran Nagar Annex is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kovur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Eswaran Nagar Annex has changed

The guideline value for Eswaran Nagar Annex has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then revised to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has set it at Rs 1,320 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Eswaran Nagar Annex's 2024 guideline value is below this median.

• Eswaran Nagar: Rs 1,320 per sq.ft (2024)
• East Madaveethi: Rs 1,320 per sq.ft (2024)
• Gangadhran street: Rs 2,300 per sq.ft (2024)
• Dharmaraja koil Street: Rs 1,650 per sq.ft (2024)
• Dharmalingam Avenue: Rs 1,650 per sq.ft (2024)
• Deivarathinam Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the 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 Eswaran Nagar Annex?

The Eswaran Nagar Annex falls under 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 Kovur

The guideline value is a crucial factor during the registration of property transactions in Kovur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eswaran Nagar Annex?

The current guideline value of Eswaran Nagar Annex is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Eswaran Nagar Annex?

The land classification for Eswaran Nagar Annex is Residential Special Type - II.

Where can I find the registration office for Eswaran Nagar Annex?

The registration office for Eswaran Nagar Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the stamp duty for buying property in Eswaran Nagar Annex?

The stamp duty for buying property in Eswaran Nagar Annex is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 92,400.