Guideline Value for EDEN GARDEN

Eden Garden guideline value

The current guideline value of Eden Garden in Nayakkankuppam village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and 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 register shows that in 2012, the guideline value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value increased by 50% to Rs 250 per sq.ft in 2023, and it remained unchanged at Rs 250 per sq.ft in the 2024 revision. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street.

Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft. The most recent revision from 2023 to 2024 showed no change, maintaining the guideline value at Rs 250 per sq.ft.

Guideline values in Nayakkankuppam

Nayakkankuppam has a total of 23 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 403 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Eden Garden's guideline value above this median.

• Emerald Avenue Extension: Rs 250 per sq.ft (2024)
• Ezhil Arasi Nagar: Rs 200 per sq.ft (2024)
• Ezhilarasi Nagar Phase-II: Rs 250 per sq.ft (2024)
• Ezhilarasi Nagar Phase-III: Rs 250 per sq.ft (2024)
• Gain Nagar: Rs 150 per sq.ft (2024)
• Golden City: Rs 150 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty, charged at 7%, would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000. Together, these fees total Rs 22,500. 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 Eden Garden property is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Nayakkankuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Eden Garden?

The current guideline value of Eden Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. It decreased to Rs 167 per sq.ft in 2017 from Rs 250 per sq.ft in 2012.

What is the median guideline value in Nayakkankuppam?

The median guideline value for the 23 streets in Nayakkankuppam is Rs 200 per sq.ft, with Eden Garden's value being above this median at Rs 250 per sq.ft.

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

The stamp duty for a property valued at Rs 2,50,000 would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.