Guideline Value for Eswari Nagar

Eswari Nagar guideline value

The current guideline value of Eswari Nagar, located in Valarpuram village, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class I 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 guideline value was Rs 75 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. Following that, the value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, and from 2012 to 2017, the value decreased by 33%. The most significant change occurred from 2007 to 2012, where the guideline value rose by 433%. Overall, from 2007 to 2024, there has been an increase of 433% in the guideline value.

Guideline values in Valarpuram

In Valarpuram village, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Eswari Nagar is above this median.

• Eswari Nagar Extension: Rs 400 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 300 per sq.ft (2024)
• Gnanammal Nagar: Rs 300 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswari Nagar?

The Sub Registrar Office that covers Eswari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value helps establish the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property in question.

Frequently asked questions

What is the current guideline value of Eswari Nagar?

The current guideline value of Eswari Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Eswari Nagar?

Eswari Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Eswari Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a total stamp duty of Rs 28,000.