Guideline Value for Eden Garden

Eden Garden guideline value

The current guideline value of Eden Garden in Mevaloorkuppam village is Rs 500 per sq.ft, effective from the 2024 revision. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has seen several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 500 per sq.ft, showing no change from 2023 to 2024. Notably, the overall change from 2007 to 2024 is an increase of 67%.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 67% from 2007 to 2012. The 2017 revision marked a significant increase of 49% compared to the previous revision in 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Eden Garden's 2024 figure above that median.

• Dr.Kalaignar Street: Rs 300 per sq.ft (2024)
• Gandhi Nagar: Rs 1,344 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)
• Cosmo city (south): Rs 900 per sq.ft (2024)
• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city ph.III: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to 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, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eden Garden?

The Eden Garden property is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

Additionally, the guideline value serves as a benchmark for property transactions, helping buyers and sellers understand the expected value of properties in the area. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Eden Garden?

The current guideline value of Eden 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 changed from Rs 300 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification of Eden Garden?

Eden Garden is classified as Residential Class I Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Eden Garden?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which for a 1,000 sq.ft plot amounts to Rs 45,000 in total fees.

Which office handles the registration for Eden Garden?

The registration for Eden Garden is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.