Guideline Value for EDEN VILLAS

Eden Villas guideline value

The current guideline value of Eden Villas in 5. Athipattu village under the Konnur SRO is Rs 3,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - II land classification.

How the guideline value of Eden Villas has changed

In the 2023 revision, the guideline value for Eden Villas was Rs 3,300 per sq.ft. This marked an increase of 9% to the current value of Rs 3,600 per sq.ft in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The changes between the revisions indicate a steady increase in the guideline value, with the latest figure reflecting the current market conditions. The increase from 2023 to 2024 is particularly notable, as it represents a significant adjustment in the valuation of properties in this area.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, and Eden Villas is positioned above this median.

• Ebinesa Avenue: Rs 4,400 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)
• Dr. Ambethkar Street: Rs 1,100 per sq.ft (2024)
• Gandhi Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Gangai Street(ICF): Rs 2,400 per sq.ft (2024)
• Godavari Street(ICF): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Eden Villas?

The Sub Registrar Office that covers Eden Villas is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor in the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Eden Villas?

The current guideline value of Eden Villas is Rs 3,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, reflecting a change of 9%.

What is the land classification of Eden Villas?

Eden Villas is classified as Residential Special Type - II, indicating its designation for residential use within the locality.

What are the stamp duty and registration fees for Eden Villas?

For a 1,000 sq.ft plot, the total guideline value is Rs 36,00,000. The stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Where is the Sub Registrar Office for Eden Villas located?

The Konnur Sub Registrar Office, which covers Eden Villas, is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.