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Guideline Value

Corporate

Guideline Value for Eswari nagar [Velachery Main Road]

₹3750/sq.ft.

The guideline value for Eswari Nagar [velachery Main Road] in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3750 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 7% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3750 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Eswari Nagar [velachery Main Road]

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Eswari nagar [Velachery Main Road] guideline value

The current guideline value of Eswari nagar [Velachery Main Road] is Rs 3,750 per sq.ft, effective from 1 July 2024. This property is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Eswari nagar [Velachery Main Road] has changed

The guideline value of Eswari nagar [Velachery Main Road] has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,750 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, reflecting a change of +7%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, marking a significant increase of +49% to the 2023 figure. The 2012 revision also showed a value of Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, comparing the 2012 and 2024 values, there has been a modest increase of +7%.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Eswari nagar [Velachery Main Road] above this median.

Stamp duty and registration fee for property in Eswari nagar [Velachery Main Road]

For a 1,000 sq.ft plot at the current guideline value of Rs 3,750 per sq.ft, the total guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, while the registration fee at 2% would be Rs 75,000. Together, the total cost for stamp duty and registration would be Rs 3,37,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswari nagar [Velachery Main Road]?

The Sub Registrar Office that covers Eswari nagar [Velachery Main Road] 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 Gowrivakkam

The guideline value is a crucial factor when registering a property in Gowrivakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of a property. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with the transaction.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction is in compliance with the local regulations. This value helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Eswari nagar [Velachery Main Road]?

The current guideline value of Eswari nagar [Velachery Main Road] is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,750 per sq.ft in 2024, with various changes in between, including a decrease in 2017 compared to 2012.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 37,50,000, the stamp duty would be Rs 2,62,500 and the registration fee would be Rs 75,000, totaling Rs 3,37,500.

Which office handles property registrations for Eswari nagar [Velachery Main Road]?

The Selaiyur Sub Registrar Office handles property registrations for Eswari nagar [Velachery Main Road], located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the median guideline value in Gowrivakkam?

The median guideline value in Gowrivakkam is Rs 2,200 per sq.ft, with Eswari nagar [Velachery Main Road] being above this median at Rs 3,750 per sq.ft.