Guideline Value for Everest Garden Extn

Everest Garden Extn guideline value

The current guideline value of Everest Garden Extn is Rs 1,100 per sq.ft, effective from 1 July 2024. This area 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 Extn has changed

The guideline value for Everest Garden Extn has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Everest Garden Extn.

• Everest Garden: Rs 1,100 per sq.ft (2024)
• 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 - IV: Rs 1,100 per sq.ft (2024)
• Everest Garden - V: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Everest Garden Extn

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, totaling Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Everest Garden Extn?

The Everest Garden Extn is covered by 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Erandankattalai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on an official valuation.

When buying or selling property, it is essential to refer to the current guideline value to understand the financial implications. This value helps in maintaining transparency in property transactions and ensures that both buyers and sellers are aware of the official rates applicable in the area.

Frequently asked questions

What is the current guideline value of Everest Garden Extn?

The current guideline value of Everest Garden Extn 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 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

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. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office is responsible for Everest Garden Extn?

The Pammal Sub Registrar Office is responsible for Everest Garden Extn, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Everest Garden Extn?

Everest Garden Extn is classified as Residential Class I Type - I, indicating its suitability for residential purposes.