Guideline Value for Esthar Garden 3rd Street

Esthar Garden 3rd Street guideline value

The current guideline value of Esthar Garden 3rd 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 Street has changed

The guideline value for Esthar Garden 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. The value remained at Rs 1,800 per sq.ft in 2023, and then increased to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% rise.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making the 2024 figure for Esthar Garden 3rd Street below that median.

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

Stamp duty and registration fee for property in Esthar Garden 3rd 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 at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Esthar Garden 3rd Street?

The Sub Registrar Office covering Esthar Garden 3rd 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

When buying or selling property in Madambakkam, the guideline value is a crucial factor in determining the registration fees and stamp duty. It serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values will be used to calculate the stamp duty and registration fees, which are mandatory for legalizing property transactions.

Frequently asked questions

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

The current guideline value of Esthar Garden 3rd 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 1,900 per sq.ft in 2024. There was a decrease to Rs 1,206 per sq.ft in 2017, followed by an increase to Rs 1,800 per sq.ft in 2023.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,71,000.

Which office handles registrations for Esthar Garden 3rd Street?

The Selaiyur Sub Registrar Office handles registrations for Esthar Garden 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the range of guideline values in Madambakkam?

The guideline values in Madambakkam range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Esthar Garden 3rd Street's value is below this median.