Guideline Value for Everest Garden - IV

Everest Garden - IV guideline value

The current guideline value for Everest Garden - IV in Erandankattalai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Everest Garden - IV has changed

The guideline value for Everest Garden - IV has experienced several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 sets the 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 guideline value for these streets is Rs 1,100 per sq.ft, which matches the current value for Everest Garden - IV.

• Everest Garden - I: Rs 1,100 per sq.ft (2024)
• Everest Garden - II: Rs 1,100 per sq.ft (2024)
• Everest Garden - III: Rs 1,100 per sq.ft (2024)
• Everest Garden - V: Rs 1,100 per sq.ft (2024)
• Everest Garden - VI: Rs 1,100 per sq.ft (2024)
• Everest Garden Extn: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. 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 Everest Garden - IV?

The Everest Garden - IV area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Erandankattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. This means that both buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Everest Garden - IV?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for a property in Everest Garden - IV?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers the Everest Garden - IV area?

The Everest Garden - IV area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Everest Garden - IV?

Everest Garden - IV is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.