Guideline Value for Esthar Garden 2nd Street

Esthar Garden 2nd Street guideline value

The current guideline value of Esthar Garden 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Esthar Garden 2nd Street has changed

Over the years, the guideline value for Esthar Garden 2nd Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2017 revision, where it was adjusted down to Rs 1,206 per sq.ft. The 2023 revision increased it to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it to Rs 1,900 per sq.ft, marking a 6% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Esthar Garden 2nd Street's 2024 value below this median.

• Esthar Garden 2nd Cross Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 3rd Cross street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 1st Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 3rd Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 4th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Esthar Garden 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that 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 Esthar Garden 2nd Street?

The Sub Registrar Office that covers Esthar Garden 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value of the property, which is used to calculate stamp duty and registration fees during the transaction process.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Esthar Garden 2nd Street?

The current guideline value of Esthar Garden 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Esthar Garden 2nd Street?

Esthar Garden 2nd Street is classified as Residential Class I Type - I.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam with the same guideline value of Rs 1,900 per sq.ft include Esthar Garden 2nd Cross Street, Esthar Garden 3rd Cross Street, Esthar Garden 1st Street, Esthar Garden 3rd Street, Esthar Garden 1st Cross Street, and Esthar Garden 4th Street.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.