Guideline Value for EDEN GARDEN

Eden Garden guideline value

The current guideline value of Eden Garden, located in Devanthavakkam village under the Oothukkottai SRO, is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 54 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking an 85% increase. The 2024 revision maintained the same rate of Rs 100 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 85%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. This places Eden Garden's 2024 figure in line with the median for the village.

• Dr.KALAINGAR NAGAR: Rs 100 per sq.ft (2024)
• Balakrishna Avenue: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Arunachalanagar-Extni: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Eden Garden?

The Eden Garden area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more details.

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

When buying or selling property in Devanthavakkam, the guideline value is a crucial factor in determining the registration fees and stamp duty payable. The registration office uses this value to calculate the applicable charges, ensuring that all transactions are compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it may influence the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Eden Garden?

The current guideline value of Eden Garden is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, with no change in 2024. This represents an overall increase of 85% from 2017 to 2024.

What is the land classification for Eden Garden?

The land classification for Eden Garden is Residential Class II Type - I, indicating its designation for residential use.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Eden Garden?

The Oothukkottai Sub Registrar Office handles registrations for Eden Garden, located near the government hospital in Uthukottai, Chennai 602026.