Guideline Value for Eswaran Nagar

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Eswaran Nagar has changed

The guideline value for Eswaran Nagar has seen several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 1,100 per sq.ft. This value remained the same in 2012 and 2023, but in 2017, it dropped significantly to Rs 737 per sq.ft. The most recent revision in 2023 raised the value to Rs 1,100 per sq.ft, and the current value for 2024 is Rs 1,210 per sq.ft.

Analyzing the changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft. The median value of these streets is Rs 2,200 per sq.ft, placing Eswaran Nagar's 2024 figure below this median.

• Erikkarai Street: Rs 3,630 per sq.ft (2024)
• Elumalai Nagar: Rs 2,200 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,210 per sq.ft (2024)
• Gajalakshmi Street: Rs 1,210 per sq.ft (2024)
• E.B.Colony: Rs 3,630 per sq.ft (2024)
• Gandhi Nagar: Rs 1,210 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 1,210 per sq.ft, the total guideline value is Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Mudichur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification of Eswaran Nagar?

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

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

The Sub Registrar Office for Eswaran Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated in Eswaran Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at Rs 1,210 per sq.ft, the stamp duty would be Rs 84,700.