Guideline Value for EDEN GARDEN

Eden Garden guideline value

The current guideline value of Eden Garden in Kayirambedu village, under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has seen several revisions over the years. In 2007, the value was Rs 210 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017 before returning to Rs 700 per sq.ft in both 2023 and the current 2024 revision, indicating no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects a substantial rise of 233%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Eden Garden.

• Ganapathy Avenue: Rs 2,389 per sq.ft (2024)
• Gandhi Nagar: Rs 700 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Crystal Paradise Phase - II: Rs 2,389 per sq.ft (2024)
• Ganga Nagar: Rs 700 per sq.ft (2024)
• Chozha Nagar: Rs 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. It is important to note that 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 Eden Garden area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kayirambedu. It serves as a reference for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of 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 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 210 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then dropped to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Eden Garden?

Eden Garden is classified as Residential Special Type - II.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Eden Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.