Guideline Value for Esthar Garden 4th Street

Esthar Garden 4th Street guideline value

The current guideline value of Esthar Garden 4th 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 4th Street has changed

The guideline value for Esthar Garden 4th Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 1,900 per sq.ft, marking a significant increase of 58% from 2017 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 6%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are a total of 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. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that the guideline value of Esthar Garden 4th Street is below this median.

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

Stamp duty and registration fee for property in Esthar Garden 4th 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, and the registration fee at 2% would be Rs 38,000, making the total cost for these fees 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Esthar Garden 4th Street?

The Sub Registrar Office that covers Esthar Garden 4th 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, within 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 in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that both parties are aware of their financial obligations.

Frequently asked questions

What is the current guideline value of Esthar Garden 4th Street?

The current guideline value of Esthar Garden 4th 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, and then increased to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Esthar Garden 4th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,71,000, based on the guideline value of Rs 19,00,000.

Which Sub Registrar Office covers Esthar Garden 4th Street?

The Selaiyur Sub Registrar Office covers Esthar Garden 4th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Esthar Garden 4th Street?

Esthar Garden 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.