Guideline Value for Eswari Nagar

Eswari Nagar guideline value

The current guideline value of Eswari Nagar, located in Chembakkam village under the Selaiyur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Eswari Nagar has changed

The guideline value for Eswari Nagar has seen several revisions over the years. In 2007, the value was set at Rs 750 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this figure dropped to Rs 804 per sq.ft in 2017. The guideline value then rose significantly to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 73%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Eswari Nagar's 2024 figure below that median.

• E.V.R 1st Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R 1st Street: Rs 1,400 per sq.ft (2024)
• E.V.R 2nd Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R 2nd Street: Rs 1,400 per sq.ft (2024)
• Erikkarai Street: Rs 1,100 per sq.ft (2024)
• E.V.R Cross Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to 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 Eswari Nagar?

The Sub Registrar Office covering Eswari Nagar 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 Chembakkam

The guideline value is a crucial factor during property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eswari Nagar?

The current guideline value of Eswari Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 73% over the years.

What is the median guideline value in Chembakkam?

The median guideline value for the 472 streets in Chembakkam is Rs 2,200 per sq.ft, with Eswari Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Eswari Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,00,000. The stamp duty at 7% is Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Eswari Nagar located?

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