Guideline Value for E.V.K.Sampth lane

E.V.K.Sampth lane guideline value

The current guideline value of E.V.K.Sampth lane is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Special Type - I.

How the guideline value of E.V.K.Sampth lane has changed

The guideline value for E.V.K.Sampth lane has seen several revisions over the years. In the 2007 revision, the value was Rs 3,000 per sq.ft. This increased significantly to Rs 13,000 per sq.ft in the 2012 revision, marking a 333% increase. However, in the 2017 revision, it decreased to Rs 8,710 per sq.ft, a drop of 33%. The value then rose to Rs 13,000 per sq.ft in 2023, which was a 49% increase. Finally, the current value is Rs 14,300 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

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 377%.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value is Rs 4,800 per sq.ft, placing E.V.K.Sampth lane's 2024 figure above this median.

• E.V.K.Sampath Road (or) Rundalls Road: Rs 14,300 per sq.ft (2024)
• Flower Mills Road: Rs 2,700 per sq.ft (2024)
• Flower Mills Road 1st cross street: Rs 2,700 per sq.ft (2024)
• Flower Mills Road 2nd cross street: Rs 2,700 per sq.ft (2024)
• Ellavaram Veerasamy Street: Rs 9,900 per sq.ft (2024)
• Elephant Gate Road Slum Clearance: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.K.Sampth lane

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, while the registration fee at 2% would be Rs 2,86,000, bringing the total fees to 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.K.Sampth lane?

The Sub Registrar Office covering E.V.K.Sampth lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Vepery, the guideline value plays a critical role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations during the property transaction. Understanding these values can help in planning the budget for the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of E.V.K.Sampth lane?

The current guideline value of E.V.K.Sampth lane 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 changed significantly from Rs 3,000 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, marking an overall increase of 377%.

What is the land classification for E.V.K.Sampth lane?

E.V.K.Sampth lane is classified as Residential Special Type - I under the Periamet SRO.

Where can I find the Sub Registrar Office for E.V.K.Sampth lane?

The Sub Registrar Office for E.V.K.Sampth lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty for properties in Vepery is calculated based on the higher of the guideline value or the sale price. This ensures that the correct fees are paid during the registration process.