Guideline Value for Everest Garden

Everest Garden guideline value

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

How the guideline value of Everest Garden has changed

The guideline value for Everest Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,100 per sq.ft, marking a 10% rise from the previous year. There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a total increase of 64% in the guideline value per sq.ft for Everest Garden.

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 equal to the current guideline value of Everest Garden.

• Everest Garden Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, making the total cost 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Everest Garden?

The Sub Registrar Office that covers Everest Garden 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 a crucial factor when registering property transactions in Erandankattalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair and standardized price for transactions. This value is particularly important for legal documentation and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Everest Garden?

The current guideline value of Everest Garden 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

For a 1,000 sq.ft plot 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 area of Everest Garden?

The Pammal Sub Registrar Office covers Everest Garden, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Everest Garden?

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