Guideline Value for Esthar Garden Main Road

Esthar Garden Main Road guideline value

The current guideline value of Esthar Garden Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Esthar Garden Main Road has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,800 per sq.ft. This value then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

In summary, from 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, the change from 2012 to 2024 shows a modest increase of 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 that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Esthar Garden Main Road's 2024 figure is below that median.

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

Stamp duty and registration fee for property in Esthar Garden Main Road

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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Esthar Garden Main Road?

The Sub Registrar Office that covers Esthar Garden Main Road 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 details.

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 determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the guideline value helps in establishing a fair assessment for taxation purposes. It is essential for both parties involved in the transaction to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Esthar Garden Main Road?

The current guideline value of Esthar Garden Main Road 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 rising to Rs 1,800 per sq.ft in 2023, and finally reaching Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Esthar Garden Main Road?

For a property valued at 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 office handles registrations for Esthar Garden Main Road?

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

What is the land classification for Esthar Garden Main Road?

Esthar Garden Main Road is classified as Residential Class I Type - I, indicating its suitability for residential purposes.