Guideline Value for Eden Garden Farm Land

Eden Garden Farm Land guideline value

The current guideline value of Eden Garden Farm Land is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in AagaramB village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Eden Garden Farm Land has changed

The guideline value for Eden Garden Farm Land has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value has seen a consistent figure of Rs 100 per sq.ft from 2023 to 2024. The substantial increase from Rs 67 per sq.ft in 2017 to the current value reflects the changes in the property landscape, although the recent revisions have not altered the value.

Guideline values in AagaramB

AagaramB village features a range of guideline values across its streets. The current guideline value of Eden Garden Farm Land at Rs 100 per sq.ft is below the median value of Rs 125 per sq.ft for the 2024 revision, which spans from Rs 100 to Rs 374 per sq.ft across 10 streets under the Sunguvarchattram SRO.

• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 100 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Garden Farm Land

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty is charged at 7%, amounting to Rs 7,000, and the registration fee is charged at 2%, which is Rs 2,000. Together, the total charges would be Rs 9,000. 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 Eden Garden Farm Land?

The Eden Garden Farm Land 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in AagaramB. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the registration department.

Additionally, the guideline value helps in establishing a fair basis for the transaction, as it reflects the government’s assessment of property values in the area. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Eden Garden Farm Land?

The current guideline value of Eden Garden Farm Land is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, marking a 49% increase over this period.

What is the classification of Eden Garden Farm Land?

Eden Garden Farm Land is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the other streets in AagaramB with their guideline values?

Other streets in AagaramB include Dnh Sri Maheswari Avenue at Rs 350 per sq.ft, Gangaiamman Kovil Street at Rs 100 per sq.ft, and Annai Parasakthi Nagar at Rs 150 per sq.ft, among others.

Where can I find the Sub Registrar Office for Eden Garden Farm Land?

The Sub Registrar Office covering Eden Garden Farm Land is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.