Guideline Value for E.V.P, Sapthagiri Nagar

E.V.P, Sapthagiri Nagar guideline value

The current guideline value of E.V.P, Sapthagiri Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of E.V.P, Sapthagiri Nagar has changed

The guideline value for E.V.P, Sapthagiri Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,706 per sq.ft. This increased to Rs 3,200 per sq.ft in 2012, followed by a decrease to Rs 2,144 per sq.ft in 2017. The value then rose significantly to Rs 3,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,520 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall increase from the 2007 figure to the 2024 figure is 106%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median of Rs 3,960 per sq.ft. The guideline value for E.V.P, Sapthagiri Nagar is below this median.

• E.V.P. Santhosh Nagar: Rs 3,520 per sq.ft (2024)
• Faith House II nd Street: Rs 3,960 per sq.ft (2024)
• Faith House Ist Street: Rs 3,960 per sq.ft (2024)
• Eswaran koil Street: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Lane: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Back Side Lane: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P, Sapthagiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value is Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.P, Sapthagiri Nagar?

The E.V.P, Sapthagiri Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or bought.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. 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.P, Sapthagiri Nagar?

The current guideline value of E.V.P, Sapthagiri Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,706 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the median guideline value in Porur?

The median guideline value in Porur for 2024 is Rs 3,960 per sq.ft, with E.V.P, Sapthagiri Nagar being below this median.

What are the stamp duty and registration fees for properties in E.V.P, Sapthagiri Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 3,16,800.

Which office handles registrations for E.V.P, Sapthagiri Nagar?

The Kunrathur Sub Registrar Office handles registrations for E.V.P, Sapthagiri Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.