Guideline Value for E.V.P. PRABHU AVENUE 10TH STREET

E.V.P. Prabhu Avenue 10th Street guideline value

The current guideline value of E.V.P. Prabhu Avenue 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of E.V.P. Prabhu Avenue 10th Street has changed

The guideline value for E.V.P. Prabhu Avenue 10th Street has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing E.V.P. Prabhu Avenue 10th Street above this median.

• E.V.P. Prabhu Avenue: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 1st Main Salai: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 1st Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 2nd Main Salai: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 2nd Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Nagar 4th Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P. Prabhu Avenue 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.P. Prabhu Avenue 10th Street?

The E.V.P. Prabhu Avenue 10th Street falls under 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 Kolathuvancheri

The guideline value is a crucial factor in property transactions in Kolathuvancheri, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value also serves as a reference point for both parties during negotiations, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of E.V.P. Prabhu Avenue 10th Street?

The current guideline value of E.V.P. Prabhu Avenue 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.

What is the land classification for E.V.P. Prabhu Avenue 10th Street?

E.V.P. Prabhu Avenue 10th Street is classified as Residential Class I Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for E.V.P. Prabhu Avenue 10th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for E.V.P. Prabhu Avenue 10th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.