Guideline Value for E,.V.P. Santhosh Nagar Extension II

E,.V.P. Santhosh Nagar Extension II guideline value

The current guideline value of E,.V.P. Santhosh Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024. This property is located in Madanandapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of E,.V.P. Santhosh Nagar Extension II has changed

The guideline value for E,.V.P. Santhosh Nagar Extension II has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision. However, the value significantly increased to Rs 3,600 per sq.ft in the 2023 revision, and it has now risen to Rs 3,960 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

In terms of overall changes, the guideline value has increased by 10% from the 2012 revision to the current 2024 figure. The increase from 2017 to 2023 was 49%, while the change from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madanandapuram

Madanandapuram has a total of 94 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. The guideline value for E,.V.P. Santhosh Nagar Extension II is above this median.

• E.V.P. Santhosh Nagar Extension: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Nagar: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Annuxe / Extension: Rs 3,960 per sq.ft (2024)
• E.V.P. Rajeswari Avenue: Rs 3,960 per sq.ft (2024)
• Dr.Sivaji Nagar Extension: Rs 3,190 per sq.ft (2024)
• Dr. Shivaji Nagar: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in E,.V.P. Santhosh Nagar Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers E,.V.P. Santhosh Nagar Extension II?

The E,.V.P. Santhosh Nagar Extension II falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madanandapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This value helps in maintaining transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of E,.V.P. Santhosh Nagar Extension II?

The current guideline value of E,.V.P. Santhosh Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024.

What were the guideline values in previous years?

The guideline values for E,.V.P. Santhosh Nagar Extension II have changed as follows: Rs 3,600 per sq.ft in 2023, Rs 2,412 per sq.ft in 2017, and Rs 3,600 per sq.ft in 2012.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value has increased by 10%, moving from Rs 3,600 per sq.ft in 2012 to Rs 3,960 per sq.ft in 2024.

What is the registration fee for properties in E,.V.P. Santhosh Nagar Extension II?

The registration fee for properties is calculated based on the guideline value. For a property valued at Rs 39,60,000, the registration fee would be Rs 79,200 at 2%.

Which office handles registrations for E,.V.P. Santhosh Nagar Extension II?

The Kunrathur Sub Registrar Office handles registrations for E,.V.P. Santhosh Nagar Extension II, located at No.59, Road Street, Kundrathur, Chennai -600 069.