Guideline Value for EDEN GARDEN

Eden Garden guideline value

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

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the guideline value increased significantly to Rs 500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Puthucheri

Puthucheri village has 16 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,500 per sq.ft, with a median value of Rs 625 per sq.ft. Eden Garden's current guideline value is below this median.

• Jerusalem Nagar: Rs 550 per sq.ft (2024)
• Lakshmi Nagar: Rs 550 per sq.ft (2024)
• Nano Homes: Rs 550 per sq.ft (2024)
• New Portia: Rs 550 per sq.ft (2024)
• Nimas: Rs 550 per sq.ft (2024)
• Pink House: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eden Garden?

The Sub Registrar Office that covers Eden Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Puthucheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Eden Garden?

The current guideline value of Eden 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 increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Eden Garden?

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

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

Which Sub Registrar Office covers Eden Garden?

The Padappai Sub Registrar Office covers Eden Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.