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 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

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

The guideline value for E.V.K. Sampath Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged at Rs 1,500 per sq.ft in the 2023 revision. The 2024 revision also holds the value at Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between the revisions indicate a consistent guideline value from 2023 to 2024, with no percentage increase, while the overall change from 2017 to 2024 stands at 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. E.V.K. Sampath Street's 2024 figure aligns perfectly with this median.

• Friends Avenue: Rs 1,200 per sq.ft (2024)
• Ellappa Avenue: Rs 1,200 per sq.ft (2024)
• Ganapathi Nagar (S.No 38/5): Rs 1,500 per sq.ft (2024)
• Ekambaram Nagar: Rs 2,001 per sq.ft (2024)
• Ganapathypuram: Rs 2,001 per sq.ft (2024)
• Gandhi Nagar 3rd Street: Rs 2,001 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 rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The E.V.K. Sampath Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, while it increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

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

E.V.K. Sampath Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What other streets have guideline values in Gooduvancheri?

Other streets in Gooduvancheri include Friends Avenue and Ellappa Avenue at Rs 1,200 per sq.ft, Ganapathi Nagar (S.No 38/5) at Rs 1,500 per sq.ft, and several others ranging up to Rs 2,001 per sq.ft.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.