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

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

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

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

The guideline value for E.V.P Estate has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. E.V.P Estate's 2024 figure of Rs 1,650 per sq.ft is above this median.

• Evp Padma Avenue: Rs 1,650 per sq.ft (2024)
• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 880 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 880 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 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 would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. Please note that 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 details.

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 Vallancheri

The guideline value plays a crucial role during property transactions in Vallancheri. It serves as a reference point for determining 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 guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. This ensures that both parties are aware of the financial implications of the sale based on the established guideline value.

Frequently asked questions

What is the current guideline value of E.V.P Estate, Vallancheri (Ward -1)?

The current guideline value of 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.

What is the stamp duty rate for properties in Vallancheri?

The stamp duty rate for properties in Vallancheri is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for E.V.P Estate located?

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