Guideline Value for E.A.P.SIVAJI STREET

E.A.P.Sivaji Street guideline value

The current guideline value of E.A.P.Sivaji Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of E.A.P.Sivaji Street has changed

Over the years, the guideline value for E.A.P.Sivaji Street has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, this figure dropped to Rs 871 per sq.ft in 2017. The guideline value then remained at Rs 1,300 per sq.ft through the 2023 revision and continues at the same rate in the 2024 revision, reflecting a 49% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median of Rs 1,000 per sq.ft. E.A.P.Sivaji Street's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• Durai Kannu Street: Rs 1,300 per sq.ft (2024)
• Dr.RAMADOSS STREET: Rs 700 per sq.ft (2024)
• Dr.RADHAKRISHNAN STREET: Rs 1,300 per sq.ft (2024)
• Elango Adigal Street: Rs 1,300 per sq.ft (2024)
• Elango Steet: Rs 1,300 per sq.ft (2024)
• Dr.KARUNANITHI STREET: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in E.A.P.Sivaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers E.A.P.Sivaji Street?

The Sub Registrar Office that covers E.A.P.Sivaji Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vengathur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a recognized value of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of E.A.P.Sivaji Street?

The current guideline value of E.A.P.Sivaji Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017. It remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value in Vengathur?

The median guideline value in Vengathur is Rs 1,000 per sq.ft, with E.A.P.Sivaji Street's 2024 value being above this median at Rs 1,300 per sq.ft.

What are the stamp duty rates for properties on E.A.P.Sivaji Street?

The stamp duty for properties on E.A.P.Sivaji Street is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Which office handles property registrations for E.A.P.Sivaji Street?

The Manavalanagar Sub Registrar Office handles property registrations for E.A.P.Sivaji Street, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.