Guideline Value for E.V.P. PRABHU AVENUE 3RD STREET

E.V.P. Prabhu Avenue 3rd Street guideline value

The current guideline value of E.V.P. Prabhu Avenue 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of E.V.P. Prabhu Avenue 3rd Street has changed

Looking at the revisions, the guideline value for E.V.P. Prabhu Avenue 3rd Street has seen several changes over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced by 33% to Rs 1,340 per sq.ft in the 2017 revision. The value increased significantly by 49% to Rs 2,000 per sq.ft in 2023, and further rose by 10% to the current rate of Rs 2,200 per sq.ft in 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing E.V.P. Prabhu Avenue 3rd Street's current value above this median.

• E.V.P. Prabhu Avenue 3rd Main Road: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 4th Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 2nd Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 5th 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 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P. Prabhu Avenue 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.P. Prabhu Avenue 3rd Street?

The E.V.P. Prabhu Avenue 3rd 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kolathuvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is checked against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of E.V.P. Prabhu Avenue 3rd Street?

The current guideline value of E.V.P. Prabhu Avenue 3rd 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 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Kolathuvancheri?

The median guideline value in Kolathuvancheri is Rs 1,650 per sq.ft, and E.V.P. Prabhu Avenue 3rd Street's current value is above this median.

What are the stamp duty and registration fees for property in E.V.P. Prabhu Avenue 3rd Street?

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

Which office handles the registration for E.V.P. Prabhu Avenue 3rd Street?

The registration for E.V.P. Prabhu Avenue 3rd Street is handled by 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.