Guideline Value for Evergreen Enclave Phase IV

Evergreen Enclave Phase IV guideline value

The current guideline value of Evergreen Enclave Phase IV is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Agaramthen village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of Evergreen Enclave Phase IV has changed

The guideline value for Evergreen Enclave Phase IV has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,600 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village features 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this area is Rs 830 per sq.ft, placing Evergreen Enclave Phase IV above that median.

• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 550 per sq.ft (2024)
• Dollars Colony Phase I: Rs 3,300 per sq.ft (2024)
• Garuda Avenue: Rs 3,450 per sq.ft (2024)

Stamp duty and registration fee for property in Evergreen Enclave Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Evergreen Enclave Phase IV?

The Evergreen Enclave Phase IV is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are applied. This helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Evergreen Enclave Phase IV?

The current guideline value of Evergreen Enclave Phase IV is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with various increases and decreases in between, including a significant rise from Rs 1,072 in 2017 to Rs 1,600 in 2023.

What are the guideline values of other streets in Agaramthen?

Other streets in Agaramthen have varying guideline values, ranging from Rs 550 per sq.ft to Rs 3,700 per sq.ft. Evergreen Enclave Phase IV is above the median value of Rs 830 per sq.ft.

What fees are associated with buying property in Evergreen Enclave Phase IV?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Evergreen Enclave Phase IV?

The Sub Registrar Office covering Evergreen Enclave Phase IV is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more details by visiting the relevant link.