Guideline Value for Eden Garden

Eden Garden guideline value

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

How the guideline value of Eden Garden has changed

The guideline value for Eden Garden has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 335 per sq.ft. In the subsequent revisions, the value remained unchanged at Rs 500 per sq.ft in both 2023 and 2024, indicating a 49% increase from the 2017 figure to the 2024 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The consistency in the guideline value from 2023 to 2024 indicates stability in the pricing for this period, with no percentage change noted.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The guideline value for Eden Garden is above the median value of Rs 400 per sq.ft for this area.

• Elims Nagar: Rs 400 per sq.ft (2024)
• Dr.Kalaignar Street: Rs 300 per sq.ft (2024)
• Dr.Ambedhkar Street: Rs 100 per sq.ft (2024)
• Gandhi Street: Rs 100 per sq.ft (2024)
• Cosmo city (south): Rs 1,320 per sq.ft (2024)
• Cosmo city ph.IV: Rs 1,320 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, bringing the total cost for these fees to 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 detailed calculations.

Which Sub Registrar Office covers Eden Garden?

The Eden Garden property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office. The office is 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 B

The guideline value is a critical factor in the registration of property transactions in Mevaloorkuppam B. It determines the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the transaction 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 remained at Rs 500 per sq.ft since 2023 and 2024, reflecting a 49% increase from Rs 335 per sq.ft in 2017.

What are the other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B include Elims Nagar, Dr.Kalaignar Street, Dr.Ambedhkar Street, Gandhi Street, Cosmo city (south), and Cosmo city ph.IV, with their respective 2024 guideline values ranging from Rs 100 to Rs 1,320 per sq.ft.

How is stamp duty calculated for properties in Eden Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000.

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

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