Guideline Value for MISTY GARDEN ENCLAVE

Misty Garden Enclave guideline value

The current guideline value of Misty Garden Enclave in Eazhichur village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - III.

How the guideline value of Misty Garden Enclave has changed

The guideline value for Misty Garden Enclave has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back to Rs 300 per sq.ft, which has remained constant through to the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. However, from 2023 to 2024, there was no change, maintaining the guideline value at Rs 300 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Eazhichur

In Eazhichur, there are 13 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 3,650 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Misty Garden Enclave is below this median.

• Palace View Garden: Rs 350 per sq.ft (2024)
• sree selva vignesh Nagar: Rs 300 per sq.ft (2024)
• Sri Sathya Sai Nagar Part-VII: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nahar Phase -I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Misty Garden Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Misty Garden Enclave?

The Sub Registrar Office covering Misty Garden Enclave is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Eazhichur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to accurately calculate their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Misty Garden Enclave?

The current guideline value of Misty Garden Enclave is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, before returning to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Misty Garden Enclave?

Misty Garden Enclave is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Eazhichur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount is paid during the registration process.