Guideline Value for Ethiraj Gramani Garden

Ethiraj Gramani Garden guideline value

The current guideline value for Ethiraj Gramani Garden is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Ethiraj Gramani Garden has changed

Over the years, the guideline value of Ethiraj Gramani Garden has seen several revisions. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking an 8% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, which was a significant increase of 49% from the previous value of Rs 1,200 per sq.ft in 2012. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, and when comparing the overall change from 2012 to 2024, there has been an increase of 8%. This indicates that while there were fluctuations in the values, the overall trend shows a modest increase in the guideline value over the years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Ethiraj Gramani Garden is below this median.

• Fisherman Colony 1Main Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 1st cross Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 2nd Main Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 3 rd Cross Street: Rs 1,300 per sq.ft (2024)
• Ellaya Mudali Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ethiraj Gramani Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty, charged at 7%, would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ethiraj Gramani Garden?

The Sub Registrar Office that covers Ethiraj Gramani Garden is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

When buying or selling property in Tondaiarpet, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value set for the property or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ethiraj Gramani Garden?

The current guideline value of Ethiraj Gramani Garden is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, with several revisions in between, including Rs 1,200 per sq.ft in 2023 and 2012.

What is the land classification for Ethiraj Gramani Garden?

Ethiraj Gramani Garden is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Ethiraj Gramani Garden?

The Royapuram Sub Registrar Office handles registrations for Ethiraj Gramani Garden, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.