Guideline Value for Eswari Nagar Ext

Eswari Nagar Ext guideline value

The current guideline value of Eswari Nagar Ext is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Eswari Nagar Ext has changed

The guideline value for Eswari Nagar Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the 2023 to 2024 revision saw a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the area is Rs 2,200 per sq.ft, making Eswari Nagar Ext's 2024 figure of Rs 2,750 per sq.ft higher than the median.

• Eswari Nagar: Rs 2,900 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,300 per sq.ft (2024)
• Erikkarai Vinayagar Puram: Rs 1,600 per sq.ft (2024)
• Erikkarai Street: Rs 2,900 per sq.ft (2024)
• Elumalai Street: Rs 2,200 per sq.ft (2024)
• Elumalai Nayakakar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that 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 Eswari Nagar Ext?

The Sub Registrar Office covering Eswari Nagar Ext is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Selaiyur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer will need to pay stamp duty and registration fees based on the higher of the guideline value or the agreed sale price. This ensures that the state revenue is adequately collected based on the property's official valuation.

Frequently asked questions

What is the current guideline value of Eswari Nagar Ext?

The current guideline value of Eswari Nagar Ext is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Eswari Nagar Ext?

Eswari Nagar Ext is classified as Residential Class I Type - III.

Where is the Sub Registrar Office for Eswari Nagar Ext located?

The Sub Registrar Office for Eswari Nagar Ext is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Eswari Nagar Ext?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500.