Guideline Value for E.V.P. Rajeswari Avenue

E.V.P. Rajeswari Avenue guideline value

The current guideline value of E.V.P. Rajeswari Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of E.V.P. Rajeswari Avenue has changed

The guideline value for E.V.P. Rajeswari Avenue has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,208 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in 2012, marking a rise of 198%. However, it then decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,600 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for E.V.P. Rajeswari Avenue. Overall, from 2007 to 2024, the guideline value has increased by 228%.

Guideline values in Madanandapuram

Madanandapuram has a total of 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. The guideline value for E.V.P. Rajeswari Avenue is above this median.

• E.V.P. Santhosh Annuxe / Extension: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Nagar: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Nagar Extension: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Nagar Extension II: Rs 3,960 per sq.ft (2024)
• Dr.Sivaji Nagar Extension: Rs 3,190 per sq.ft (2024)
• Dr. Shivaji Nagar: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P. Rajeswari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers E.V.P. Rajeswari Avenue?

The E.V.P. Rajeswari Avenue falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madanandapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of E.V.P. Rajeswari Avenue?

The current guideline value of E.V.P. Rajeswari Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,208 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 228% over this period.

What is the land classification for E.V.P. Rajeswari Avenue?

E.V.P. Rajeswari Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which office handles registrations for E.V.P. Rajeswari Avenue?

The registrations for E.V.P. Rajeswari Avenue are handled by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.