Guideline Value for Eswaran Nagar

Eswaran Nagar guideline value

The current guideline value of Eswaran Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Eswaran Nagar has changed

The guideline value for Eswaran Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 650 per sq.ft. In 2003, it decreased to Rs 66 per sq.ft, followed by an increase to Rs 200 per sq.ft in 2007. The 2012 revision saw a rise to Rs 700 per sq.ft, but it fell to Rs 469 per sq.ft in 2017. The value significantly increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,102 per sq.ft.

In terms of changes, from 2002 to 2024, there has been an overall increase of 70%. The most notable changes include a 250% increase from 2007 to 2012, and a 113% increase from 2017 to 2023. The increase from 2023 to 2024 was 10%. There are no figures available for revisions in years other than those specified.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with the median being Rs 1,102 per sq.ft. Eswaran Nagar's 2024 figure aligns with this median.

• Eswaran Nagar: Rs 1,102 per sq.ft (2024)
• Ethirajammal Avenue: Rs 2,420 per sq.ft (2024)
• E.T.S. Nagar: Rs 1,102 per sq.ft (2024)
• Erattamalai Srinivasan Street: Rs 1,100 per sq.ft (2024)
• Ekathamman Avenue: Rs 1,100 per sq.ft (2024)
• Gandhi Main Road: Rs 1,650 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 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, making the total fees together Rs 99,180. Please 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?

Eswaran Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately in the official register. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Eswaran Nagar?

The current guideline value of Eswaran Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 650 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, with significant increases in certain years.

What is the stamp duty rate for property in Eswaran Nagar?

The stamp duty rate for property in Eswaran Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Eswaran Nagar located?

The Sub Registrar Office covering Eswaran Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Eswaran Nagar?

Eswaran Nagar is classified as Residential Class III Type - I according to the local land classification regulations.