Guideline Value for E.V.K SAMPATH STREET (A) RUNDALLS ROAD PART

E.V.K Sampath Street (A) Rundalls Road Part guideline value

The current guideline value of E.V.K Sampath Street (A) Rundalls Road Part is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Commercial Special Type - II.

How the guideline value of E.V.K Sampath Street (A) Rundalls Road Part has changed

Over the years, the guideline value of E.V.K Sampath Street (A) Rundalls Road Part has undergone several revisions. The 2007 revision set the value at Rs 2,800 per sq.ft, which increased significantly to Rs 13,000 per sq.ft in 2012. However, there was a decrease to Rs 8,710 per sq.ft in 2017. The value then rose to Rs 13,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 set it at Rs 14,300 per sq.ft. Notably, the register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 364%, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 411%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, placing E.V.K Sampath Street (A) Rundalls Road Part above this median.

• E.V.R. Periyar 1st Lane: Rs 13,200 per sq.ft (2024)
• E.V.R. Periyar 2nd Lane: Rs 13,200 per sq.ft (2024)
• E.V.R.Periyar High Road (A) Poonamalle High Road: Rs 18,100 per sq.ft (2024)
• E.V.R. Periyar Lane: Rs 13,200 per sq.ft (2024)
• E.V.R.Periyar Lane (A) Poonamalle High Road Lane: Rs 13,200 per sq.ft (2024)
• Ethiraj Garden Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.K Sampath Street (A) Rundalls Road Part

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, while the registration fee at 2% would be Rs 2,86,000. Together, the total cost for stamp duty and registration fee would be Rs 12,87,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.K Sampath Street (A) Rundalls Road Part?

The Sub Registrar Office that covers E.V.K Sampath Street (A) Rundalls Road Part is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than individual sale prices.

When a property is registered, the guideline value helps determine the financial obligations of the buyer. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of E.V.K Sampath Street (A) Rundalls Road Part?

The current guideline value of E.V.K Sampath Street (A) Rundalls Road Part is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 2,800 per sq.ft in 2007, rising to Rs 13,000 in 2012, then decreasing to Rs 8,710 in 2017, and finally reaching Rs 14,300 in 2024.

What is the classification of E.V.K Sampath Street (A) Rundalls Road Part?

E.V.K Sampath Street (A) Rundalls Road Part is classified as Commercial Special Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for E.V.K Sampath Street (A) Rundalls Road Part is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,300 per sq.ft, the stamp duty would be calculated accordingly.