Guideline Value for EDEN GARDEN

Eden Garden guideline value

The current guideline value of Eden Garden in Puthur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - V.

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 revision was in 2012, where the value was Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which decreased to Rs 670 per sq.ft, marking a -33% change. By 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is +10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Eden Garden.

• Ebinezer Street: Rs 770 per sq.ft (2024)
• Gandhi Nagar: Rs 550 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ishwarya Avenue: Rs 770 per sq.ft (2024)
• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• J.P. Avenue Phase - I: Rs 770 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to 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 Eden Garden property is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are required to be paid at the time of registration. This helps in maintaining a standard valuation for properties within the area.

Frequently asked questions

What is the current guideline value of Eden Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Eden Garden?

Eden Garden is classified as Residential Special Type - V, indicating its purpose for residential development.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Eden Garden?

The Tambaram Joint 1 Sub Registrar Office covers Eden Garden, located at No.26, Mes Road, East Tambaram, Chennai-600059.