Guideline Value for E.V.P ESTATE, VALLANCHERI (WARD -1)

E.V.P Estate, Vallancheri (Ward -1) guideline value

The current guideline value for E.V.P Estate, Vallancheri (Ward -1) is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Thailavaram village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of E.V.P Estate, Vallancheri (Ward -1) has changed

Over the years, the guideline value for E.V.P Estate, Vallancheri has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. The guideline value increased significantly in the following years, reaching Rs 1,500 per sq.ft in 2023, and finally rising to Rs 1,650 per sq.ft in 2024.

The changes between revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, placing E.V.P Estate, Vallancheri above this median.

• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 881 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 881 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 881 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P Estate, Vallancheri (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers E.V.P Estate, Vallancheri (Ward -1)?

The Sub Registrar Office that covers E.V.P Estate, Vallancheri (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thailavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

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

Frequently asked questions

What is the current guideline value for E.V.P Estate, Vallancheri?

The current guideline value for E.V.P Estate, Vallancheri (Ward -1) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for E.V.P Estate?

The land classification for E.V.P Estate, Vallancheri (Ward -1) is Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.