Guideline Value for SERASA EDEN

Serasa Eden guideline value

The current guideline value for Serasa Eden in Noombal village under the Kunrathur SRO is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Serasa Eden has changed

The guideline value of Serasa Eden has seen significant changes over the years. In the 2017 revision, the value was Rs 2,613 per sq.ft. This increased to Rs 3,900 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 shows a further increase to Rs 4,290 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

In Noombal, there are 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Serasa Eden is significantly above this median.

• Seriya Street: Rs 2,090 per sq.ft (2024)
• Shanmuga Nagar: Rs 2,420 per sq.ft (2024)
• Shanmuga Nagar Annexe: Rs 2,420 per sq.ft (2024)
• Selva Ganapathy Nagar: Rs 2,090 per sq.ft (2024)
• S.H.M. Nagar: Rs 2,090 per sq.ft (2024)
• Sokkalingam Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Eden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. 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 Serasa Eden?

The Sub Registrar Office that covers Serasa Eden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate taxes based on the established guideline value.

Frequently asked questions

What is the current guideline value of Serasa Eden?

The current guideline value of Serasa Eden is Rs 4,290 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,613 per sq.ft to Rs 4,290 per sq.ft, which is a total increase of 64% over the years.

What was the guideline value in 2023?

In the 2023 revision, the guideline value for Serasa Eden was Rs 3,900 per sq.ft.

How does the guideline value compare to other streets in Noombal?

The guideline value for Serasa Eden is above the median value of Rs 2,090 per sq.ft for other streets in Noombal, indicating a higher valuation compared to many surrounding areas.

Where can I find the registration office for Serasa Eden?

The registration office for Serasa Eden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.