Guideline Value for EVER GREEN RESORTS

Ever Green Resorts guideline value

The current guideline value of Ever Green Resorts is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ever Green Resorts has changed

The guideline value for Ever Green Resorts has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value rebounded to Rs 3,000 per sq.ft in 2023, and most recently, it increased by 10% to reach Rs 3,300 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 shows a substantial increase of 230% in the guideline value.

Guideline values in Enjambakkam

Enjambakkam has a total of 253 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing Ever Green Resorts above this median.

• Enjambakkam To Vettuvankeni Joint Road: Rs 2,800 per sq.ft (2024)
• Enjambakkam Meenavar Part: Rs 1,700 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Gandhi Avenue: Rs 3,300 per sq.ft (2024)
• Easwari Nagar: Rs 2,800 per sq.ft (2024)
• East Coast Road: Rs 7,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ever Green Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ever Green Resorts?

The Sub Registrar Office that covers Ever Green Resorts is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay stamp duty and registration fees calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the seller and buyer are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ever Green Resorts?

The current guideline value of Ever Green Resorts is Rs 3,300 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 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 230% over the years.

What are the stamp duty and registration fees for Ever Green Resorts?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Enjambakkam?

The Neelankarai Sub Registrar Office covers Enjambakkam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees payable during a transaction.