Guideline Value for Nagarathinam Street, Easwaran Nagar

Nagarathinam Street, Easwaran Nagar guideline value

The current guideline value of Nagarathinam Street, Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Nagarathinam Street, Easwaran Nagar has changed

The guideline value for Nagarathinam Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,675 per sq.ft. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, marking an increase of 64% from the 2017 figure.

There are no figures recorded for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. The significant change from 2017 to 2024 reflects an adjustment in the guideline value to align with current market conditions.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Nagarathinam Street's 2024 figure above this median.

• Nagarathinam Street /Anna Salai: Rs 2,530 per sq.ft (2024)
• Nagarathinam Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Nagarathinam Street / Pasumpon Nagar: Rs 2,475 per sq.ft (2024)
• Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nagelkeni, Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nagarathinam Street, Easwaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together 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.

For more information on calculating your fees, use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagarathinam Street, Easwaran Nagar?

The Sub Registrar Office that covers Nagarathinam Street, Easwaran Nagar 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 details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Pammal, this value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions comply with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Nagarathinam Street, Easwaran Nagar?

The current guideline value of Nagarathinam Street, Easwaran Nagar is Rs 2,750 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 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking a 64% increase.

Are there any years without recorded guideline values for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Nagarathinam Street.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft.

What are the stamp duty rates applicable for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value.