Guideline Value for Eswari Garden

Eswari Garden guideline value

The current guideline value of Eswari Garden, located in Kerugambakkam village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Eswari Garden has changed

The guideline value for Eswari Garden has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Eswari Garden is below this median.

• Eswaran Koil Street: Rs 1,980 per sq.ft (2024)
• E.V.R Periyar Street: Rs 1,980 per sq.ft (2024)
• Friends Avenue: Rs 3,450 per sq.ft (2024)
• Easwari Nagar: Rs 1,980 per sq.ft (2024)
• Gandhi Street: Rs 1,650 per sq.ft (2024)
• Dr.CHOWDAPPA NAGAR PHASE - II: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswari Garden?

The Sub Registrar Office that covers Eswari Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with local regulations.

When purchasing or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Eswari Garden?

The current guideline value of Eswari Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over the years.

What is the land classification of Eswari Garden?

Eswari Garden is classified as Residential Class II Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Eswari Garden?

The Sub Registrar Office for Eswari Garden is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for property in Eswari Garden?

Stamp duty for property in Eswari Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.