Guideline Value for ETA Florence Garden

ETA Florence Garden guideline value

The current guideline value of ETA Florence Garden is Rs 500 per sq.ft. This property is located in Mambakkam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of ETA Florence Garden has changed

The guideline value for ETA Florence Garden has remained consistent at Rs 500 per sq.ft since the 2023 revision. Prior to that, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, effective from 1 July 2024, the guideline value is again set at Rs 500 per sq.ft, showing no change from the previous year. This indicates a stable valuation for the property over the last two years.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, placing ETA Florence Garden's value above this median.

• Florence Garden: Rs 500 per sq.ft (2024)
• Globe Vill: Rs 1,250 per sq.ft (2024)
• Colony Vembulliamman Kovil Street: Rs 200 per sq.ft (2024)
• Colony Melandai Street: Rs 200 per sq.ft (2024)
• Colony Kizhandai Street: Rs 200 per sq.ft (2024)
• Colony Bajanai Kovil Street: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in ETA Florence Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the guideline value totals 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, making the total fees together Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ETA Florence Garden?

ETA Florence Garden falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Mambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that all property transactions are conducted transparently and fairly in accordance with the established rates.

Frequently asked questions

What is the current guideline value of ETA Florence Garden?

The current guideline value of ETA Florence Garden is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for ETA Florence Garden?

ETA Florence Garden is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Mambakkam?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 45,000.

Where can I find the Sub Registrar Office for ETA Florence Garden?

The Sub Registrar Office covering ETA Florence Garden is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the relevant link.