Guideline Value

Corporate

Guideline Value for Everest Garden - II

₹1100/sq.ft.

The guideline value for Everest Garden - Ii in Erandankattalai village (Pammal SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Erandankattalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Everest Garden - Ii

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Everest Garden - II guideline value

The current guideline value of Everest Garden - II is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Erandankattalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Everest Garden - II has changed

The guideline value for Everest Garden - II has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Everest Garden - II.

Stamp duty and registration fee for property in Everest Garden - II

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Everest Garden - II?

The Sub Registrar Office that covers Everest Garden - II is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Erandankattalai

The guideline value is an essential factor when registering property in Erandankattalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the government norms.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency in real estate transactions and aids in maintaining accurate records.

Frequently asked questions

What is the current guideline value of Everest Garden - II?

The current guideline value of Everest Garden - II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What is the role of the Pammal SRO?

The Pammal Sub Registrar Office is responsible for the registration of property transactions in the Erandankattalai area, including Everest Garden - II. It ensures that all transactions are legally documented and comply with government regulations.

How is stamp duty calculated for properties in Everest Garden - II?

Stamp duty for properties in Everest Garden - II is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.

Are there other streets with the same guideline value in Erandankattalai?

Yes, several other streets in Erandankattalai also have the same guideline value of Rs 1,100 per sq.ft in 2024, including Everest Garden - I, Everest Garden - III, Everest Garden Extn, Everest Garden - IV, and Everest Garden - V.