Guideline Value for Eswaran Nagar

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar, located in Kovur village under the Kunrathur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Eswaran Nagar has changed

The guideline value of Eswaran Nagar has seen several revisions over the years. In 2003, the value was Rs 54 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2007, marking a change of +363%. The value then rose to Rs 1,200 per sq.ft in 2012, which was a substantial increase of +380%. However, it dropped to Rs 804 per sq.ft in 2017, reflecting a decrease of -33%. The value further increased to Rs 1,200 per sq.ft in 2023, followed by a rise to the current rate of Rs 1,320 per sq.ft in 2024, which is a change of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +2344%. The register has no figure for the year 2002 for this street.

Guideline values in Kovur

In Kovur village, 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 of Rs 1,650 per sq.ft. Eswaran Nagar's 2024 figure is below this median.

• Eswaran Nagar Annex: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be 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, making the total fees Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Nagar?

The Sub Registrar Office that covers Eswaran Nagar is 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 plays a crucial role in property transactions in Kovur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers must be aware of the guideline value as it directly impacts the overall cost of the transaction. It is essential to consult the latest guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar 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 54 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +2344% over the years.

What are the stamp duty and registration fees in Eswaran Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Eswaran Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Eswaran Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Eswaran Nagar?

Eswaran Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.