Guideline Value for EAGLE FOUNDATIONS

Eagle Foundations guideline value

The current guideline value of Eagle Foundations in Chemmancheri village, under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of Eagle Foundations has changed

The guideline value for Eagle Foundations has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,340 per sq.ft. The value increased significantly to Rs 3,000 per sq.ft in 2023, marking a 124% increase from 2017. The latest revision in 2024 raised the value further to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Eagle Foundations is above this median, indicating a higher valuation compared to many other streets in the area.

• Ellaiamman Koil Street: Rs 1,700 per sq.ft (2024)
• Dinakaran Garden: Rs 1,000 per sq.ft (2024)
• Ezhil Muga Nagar: Rs 1,100 per sq.ft (2024)
• Fathimabevi Garden: Rs 1,100 per sq.ft (2024)
• Gabirel Estate: Rs 1,000 per sq.ft (2024)
• Dhanalakshmi Garden: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Eagle Foundations

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Eagle Foundations?

The Sub Registrar Office that covers Eagle Foundations is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Chemmancheri. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that all transactions are conducted fairly and transparently.

When you register 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 government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Eagle Foundations?

The current guideline value of Eagle Foundations is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 65% over this period.

What are the stamp duty and registration fees for Eagle Foundations?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined in Chemmancheri?

The guideline value in Chemmancheri is determined based on various factors, including land classification and historical revisions. It serves as a benchmark for property transactions in the area.