Guideline Value for E.V.P. Santhosh Annuxe / Extension

E.V.P. Santhosh Annuxe / Extension guideline value

The current guideline value of E.V.P. Santhosh Annuxe / Extension is Rs 3,960 per sq.ft, effective from 1 July 2024. This property 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. Santhosh Annuxe / Extension has changed

The guideline value for E.V.P. Santhosh Annuxe / Extension has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 2,412 per sq.ft in 2017, which was a drop of 33%. The value rose again to Rs 3,600 per sq.ft in 2023, and most recently, it has increased to Rs 3,960 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%, showcasing significant changes over the years.

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. Santhosh Annuxe / Extension is above this median.

• E.V.P. Santhosh Nagar: Rs 3,960 per sq.ft (2024)
• E.V.P. Rajeswari Avenue: 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. Santhosh Annuxe / Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers E.V.P. Santhosh Annuxe / Extension?

The E.V.P. Santhosh Annuxe / Extension area falls under 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 during the registration of property transactions in Madanandapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both the buyer and seller understand the official value of the property. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E.V.P. Santhosh Annuxe / Extension?

The current guideline value of E.V.P. Santhosh Annuxe / Extension 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 from Rs 600 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the land classification for E.V.P. Santhosh Annuxe / Extension?

E.V.P. Santhosh Annuxe / Extension is classified as Residential Special Type - I.

Where can I find the registration office for E.V.P. Santhosh Annuxe / Extension?

The registration office for E.V.P. Santhosh Annuxe / Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.