Guideline Value for E.V.P. Santhosh Nagar Extension

E.V.P. Santhosh Nagar Extension guideline value

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

How the guideline value of E.V.P. Santhosh Nagar Extension has changed

The guideline value for E.V.P. Santhosh Nagar Extension has seen significant changes over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased dramatically to Rs 3,600 per sq.ft in 2012, marking a 200% rise. However, by 2017, it decreased to Rs 2,412 per sq.ft, reflecting a 33% drop. The value then rose to Rs 3,600 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, a 10% increase from 2023.

There are no figures available in the register for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Madanandapuram

Madanandapuram has 94 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for these streets is Rs 3,520 per sq.ft, placing E.V.P. Santhosh Nagar Extension above this median.

• E.V.P. Santhosh Nagar Extension II: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Nagar: Rs 3,960 per sq.ft (2024)
• E.V.P. Santhosh Annuxe / Extension: Rs 3,960 per sq.ft (2024)
• E.V.P. Rajeswari Avenue: 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 Nagar 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, making the total cost for these fees 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 on applicable fees.

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

The E.V.P. Santhosh Nagar Extension falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

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

The current guideline value of E.V.P. Santhosh Nagar 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 significantly, from Rs 1,200 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, marking an overall increase of 230%.

What is the median guideline value in Madanandapuram?

The median guideline value for streets in Madanandapuram is Rs 3,520 per sq.ft, with E.V.P. Santhosh Nagar Extension being above this median.

What are the stamp duty and registration fees for E.V.P. Santhosh Nagar Extension?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,60,000, leading to a stamp duty of Rs 2,77,200 and a registration fee of Rs 79,200, totaling Rs 3,56,400.

Which office handles registrations for E.V.P. Santhosh Nagar Extension?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for E.V.P. Santhosh Nagar Extension.