Guideline Value for E.V.K. Sampath Street

E.V.K. Sampath Street guideline value

The current guideline value of E.V.K. Sampath Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of E.V.K. Sampath Street has changed

The guideline value for E.V.K. Sampath Street has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 3,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. Notably, there are no recorded figures for the years 2002 and 2003 for this street in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing E.V.K. Sampath Street's current value below this median.

• E.S.I. Colony: Rs 4,100 per sq.ft (2024)
• Erikkaria Salai (Kambar Street, J.Pet): Rs 4,900 per sq.ft (2024)
• Erikkarai Street (NP): Rs 3,300 per sq.ft (2024)
• Erikkarai Road Block 61 (Lakeview Road): Rs 6,000 per sq.ft (2024)
• Elumalai Street Block 93(S.P): Rs 4,900 per sq.ft (2024)
• Elumalai Naicker Street (JPT): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.K. Sampath Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.K. Sampath Street?

The E.V.K. Sampath Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam. It serves as the benchmark for determining the stamp duty and registration fees during the buying or selling process.

When registering a property, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of E.V.K. Sampath Street?

The current guideline value of E.V.K. Sampath Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification of E.V.K. Sampath Street?

E.V.K. Sampath Street is classified as Residential Class IV Type - II under the guideline value register.

Where can I find the Sub Registrar Office for E.V.K. Sampath Street?

The Ashok Nagar Sub Registrar Office covers E.V.K. Sampath Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in E.V.K. Sampath Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at the rate of 7%.