Guideline Value for E.V.P. PRABHU AVENUE 9TH STREET

E.V.P. Prabhu Avenue 9th Street guideline value

The current guideline value of E.V.P. Prabhu Avenue 9th Street is Rs 1,870 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 II Type - I.

How the guideline value of E.V.P. Prabhu Avenue 9th Street has changed

The guideline value for E.V.P. Prabhu Avenue 9th Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,700 per sq.ft. This figure remained the same until 2017 when it decreased to Rs 1,139 per sq.ft. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and then to Rs 1,870 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

In the years 2002, 2003, and 2007, the register has no figure for this street. The 2017 revision reflected a 49% increase from the 2012 figure, while the 2012 to 2017 revision showed a decrease of 33%.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which means that the guideline value of E.V.P. Prabhu Avenue 9th Street is above this median.

• E.V.P. Prabhu Avenue 8th Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue Extension: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 7th Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Nagar: Rs 1,320 per sq.ft (2024)
• E.V.P. Prabhu Avenue 6th Street: Rs 2,200 per sq.ft (2024)
• E.V.P. Prabhu Avenue 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P. Prabhu Avenue 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total cost for stamp duty and registration fee would be Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.P. Prabhu Avenue 9th Street?

The E.V.P. Prabhu Avenue 9th Street is covered 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. 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 the registration process when buying or selling property in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When you approach the Sub Registrar Office for registration, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of E.V.P. Prabhu Avenue 9th Street?

The current guideline value of E.V.P. Prabhu Avenue 9th Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification of E.V.P. Prabhu Avenue 9th Street?

E.V.P. Prabhu Avenue 9th Street is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a plot of 1,000 sq.ft, the total stamp duty and registration fee would be Rs 1,68,300.

Which office handles the registration for E.V.P. Prabhu Avenue 9th Street?

The registration for E.V.P. Prabhu Avenue 9th 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.