Guideline Value for E.V.P. PARK AVENUE 2ND MAIN ROAD

E.V.P. Park Avenue 2nd Main Road guideline value

The current guideline value for E.V.P. Park Avenue 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification is Residential Class I Type - I.

How the guideline value of E.V.P. Park Avenue 2nd Main Road has changed

The guideline value for E.V.P. Park Avenue 2nd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The latest revision in 2024 increased the guideline value to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Iyyappanthangal

Iyyappanthangal has a total of 134 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, making the 2024 figure for E.V.P. Park Avenue 2nd Main Road above this median.

• E.V.P. Park Avenue 1st Main Road: Rs 2,750 per sq.ft (2024)
• E.V.P. Park Avenue: Rs 2,750 per sq.ft (2024)
• Gandhi Nagar: Rs 1,650 per sq.ft (2024)
• Durgai Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Dhanalskhmi Nagar Phase II: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P. Park Avenue 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers E.V.P. Park Avenue 2nd Main Road?

The Sub Registrar Office that covers E.V.P. Park Avenue 2nd Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Iyyappanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of E.V.P. Park Avenue 2nd Main Road?

The current guideline value of E.V.P. Park Avenue 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for E.V.P. Park Avenue 2nd Main Road?

The land classification for E.V.P. Park Avenue 2nd Main Road is Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office is responsible for E.V.P. Park Avenue 2nd Main Road?

The Chennai South Joint I Sub Registrar Office is responsible for E.V.P. Park Avenue 2nd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.