Guideline Value for ESWARI GARDEN

Eswari Garden guideline value

The current guideline value of Eswari Garden, located in Orathur village, under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Eswari Garden has changed

In the 2017 revision, the guideline value for Eswari Garden was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 335 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 500 per sq.ft, marking a 49% increase from the 2017 figure. The 2023 to 2024 revision saw no change in value, remaining at Rs 500 per sq.ft.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, with the overall change from 2017 to 2024 being an increase of 49%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is the same as the guideline value for Eswari Garden. Below are the guideline values for other streets in Orathur:

• Elite Orchard: Rs 650 per sq.ft (2024)
• Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Ganapathi Syndicate: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-I: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 Eswari Garden?

The Sub Registrar Office that covers Eswari Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Orathur. 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, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Eswari Garden?

The current guideline value of Eswari Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024, marking a 49% increase. The value remained unchanged at Rs 335 per sq.ft in 2023.

What is the land classification for Eswari Garden?

Eswari Garden is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 45,000.