Guideline Value for Esthar Garden 3rd Cross street

Esthar Garden 3rd Cross street guideline value

The current guideline value of Esthar Garden 3rd Cross street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Esthar Garden 3rd Cross street has changed

The guideline value for Esthar Garden 3rd Cross street has undergone several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 1,800 per sq.ft. This figure remained until the next revision in 2017, where it decreased significantly to Rs 1,206 per sq.ft. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and then rose again to the current rate of Rs 1,900 per sq.ft in 2024.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an increase of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Esthar Garden 3rd Cross street is below this median.

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

Stamp duty and registration fee for property in Esthar Garden 3rd Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty, charged at 7%, would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000. Together, these fees would total Rs 1,71,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Esthar Garden 3rd Cross street?

The Sub Registrar Office that covers Esthar Garden 3rd Cross 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 an essential factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When you proceed with a property transaction, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that the government receives appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Esthar Garden 3rd Cross street?

The current guideline value of Esthar Garden 3rd Cross 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 increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Esthar Garden 3rd Cross street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 19,00,000. The stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Esthar Garden 3rd Cross street?

The Selaiyur Sub Registrar Office covers Esthar Garden 3rd Cross street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Esthar Garden 3rd Cross street?

Esthar Garden 3rd Cross street is classified as Residential Class I Type - I, indicating its suitability for residential development.