Guideline Value

Corporate

Guideline Value for E.V.P. Santhosh Nagar

₹3960/sq.ft.

The guideline value for E.v.p. Santhosh Nagar in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.v.p. Santhosh Nagar

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E.V.P. Santhosh Nagar guideline value

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

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

Over the years, the guideline value of E.V.P. Santhosh Nagar has seen significant changes. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,600 per sq.ft in 2012, marking a rise of 260%. However, it then decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 3,600 per sq.ft in 2023, followed by a further rise to Rs 3,960 per sq.ft in 2024, reflecting a growth of 10% from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has risen by 296%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO with a 2024 guideline value range 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's 2024 guideline value above this median.

Stamp duty and registration fee for property in E.V.P. Santhosh Nagar

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 Rs 3,56,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers E.V.P. Santhosh Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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 transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives due revenue from property transactions, based on the established guideline value.

Frequently asked questions

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

The current guideline value of E.V.P. Santhosh Nagar 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 1,000 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, marking an overall increase of 296% over this period.

What is the median guideline value in Madanandapuram?

The median guideline value in Madanandapuram is Rs 3,520 per sq.ft, with E.V.P. Santhosh Nagar's current value above this median.

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

The stamp duty for properties in E.V.P. Santhosh Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,56,400.

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

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