Guideline Value for EDEN GARDEN

Eden Garden guideline value

The current guideline value of Eden Garden, located in Perambur village under the Purasaivakkam SRO, is Rs 4,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has seen several revisions over the years. In 2002, the value was Rs 509 per sq.ft, which increased to Rs 558 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 800 per sq.ft in 2007, reflecting a significant 43% growth. By 2012, the value was Rs 4,000 per sq.ft, which was a substantial increase of 400% from the previous revision. However, this figure dropped to Rs 2,680 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value rose again to Rs 4,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 4,300 per sq.ft, representing an 8% increase. Overall, from 2002 to 2024, the guideline value has increased by 745%. There are no figures available for the revisions not mentioned for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Eden Garden is above this median.

• Eden Garden All Streets: Rs 4,300 per sq.ft (2024)
• Ekangipuram 1st Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 2nd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 3rd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 4th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 5th Street: Rs 2,700 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 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or 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 Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Perambur. It is used as a basis for calculating stamp duty and registration fees during the registration of property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Eden Garden?

The current guideline value of Eden Garden is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 509 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 745% over this period.

What is the land classification for Eden Garden?

Eden Garden falls under the Residential Class II Type - I land classification.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 3,87,000.

Which office handles registrations for Eden Garden?

The Purasaivakkam Sub Registrar Office handles registrations for Eden Garden, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.