Guideline Value for EATHEN GARDEN

Eathen Garden guideline value

The current guideline value of Eathen Garden is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Eathen Garden has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then further rose to the current value of Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

Looking at the changes between the revisions, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median value is Rs 550 per sq.ft, placing Eathen Garden's current guideline value at this median level.

• Bhavani Nagar & II: Rs 500 per sq.ft (2024)
• Bhavani Amman Nagar II: Rs 500 per sq.ft (2024)
• Bavani Amman Nagar: Rs 500 per sq.ft (2024)
• Asd Mahathma Gandhi Nagar: Rs 650 per sq.ft (2024)
• A.R.K. Vigneshwar Nagar: Rs 500 per sq.ft (2024)
• Karuneegar street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Eathen Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total costs together to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eathen Garden?

The Sub Registrar Office that covers Eathen Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Sirukalathur, the guideline value is a crucial factor during the registration process. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

The guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Eathen Garden?

The current guideline value of Eathen Garden is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Eathen Garden?

Eathen Garden is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Eathen Garden?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Eathen Garden.