Guideline Value for EDEN GARDEN PHASE I & II

Eden Garden Phase I & II guideline value

The current guideline value of Eden Garden Phase I & II is Rs 1,650 per sq.ft. This property is located in Erandankattalai village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Eden Garden Phase I & II has changed

The guideline value for Eden Garden Phase I & II has seen significant changes over the years. The 2017 revision set the value at Rs 1,000 per sq.ft, which was later revised to Rs 1,650 per sq.ft in 2024, marking an increase of 65%. Notably, there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects the changing landscape of property values in the area. The current value of Rs 1,650 per sq.ft is indicative of the ongoing development and demand in Erandankattalai.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Eden Garden Phase I & II is above this median.

• Everest Garden: Rs 1,100 per sq.ft (2024)
• Everest Garden Extn: Rs 1,100 per sq.ft (2024)
• Everest Garden - I: Rs 1,100 per sq.ft (2024)
• Everest Garden - II: Rs 1,100 per sq.ft (2024)
• Everest Garden - III: Rs 1,100 per sq.ft (2024)
• Everest Garden - IV: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Garden Phase I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Eden Garden Phase I & II?

The Eden Garden Phase I & II is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Erandankattalai, determining the minimum value at which properties can be registered. This value is crucial for calculating the applicable stamp duty and registration fees during the sale or purchase process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the current market conditions. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Eden Garden Phase I & II?

The current guideline value of Eden Garden Phase I & II is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a 65% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the classification of land in Eden Garden Phase I & II?

Eden Garden Phase I & II is classified as Residential Class I Type - II. This classification affects the guideline value and potential uses of the land.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Eden Garden Phase I & II?

The Sub Registrar Office covering Eden Garden Phase I & II is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the appropriate link.