Guideline Value for Eswaran Nagar

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar, located in Sekkadu village under the Avadi SRO, is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Eswaran Nagar has changed

The guideline value for Eswaran Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in the 2024 revision, which represents an 8% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Eswaran Nagar's 2024 figure below this median.

• Duraikannu Nagar: Rs 1,075 per sq.ft (2024)
• D.R.P. Nagar: Rs 2,250 per sq.ft (2024)
• Driver's Colony: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar Annuxe: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Devarajan Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, totaling Rs 96,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Nagar?

The Sub Registrar Office that covers Eswaran Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official register. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification of Eswaran Nagar?

Eswaran Nagar is classified as Residential Class II Type - II.

What are the other streets in Sekkadu with their guideline values?

Other streets in Sekkadu include Duraikannu Nagar and Devarajan Nagar, both at Rs 1,075 per sq.ft, and D.R.P. Nagar at Rs 2,250 per sq.ft, among others.

Where is the Sub Registrar Office for Eswaran Nagar located?

The Sub Registrar Office for Eswaran Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.