Guideline Value for E.V.P. Santhosh Nagar

E.V.P. Santhosh Nagar guideline value

The current guideline value of E.V.P. Santhosh Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

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

The guideline value for E.V.P. Santhosh Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 267 per sq.ft. This increased to Rs 360 per sq.ft in 2003, marking a rise of 35%. The next significant jump occurred in 2007, where the value rose to Rs 800 per sq.ft, a substantial increase of 122%. Following this, the 2012 revision saw the value at Rs 3,200 per sq.ft, reflecting an increase of 300% from the previous figure. However, in the 2017 revision, the value dropped to Rs 2,144 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the most recent 2024 revision set it at Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1218%. There are no figures available for revisions in years not listed in the register for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing E.V.P. Santhosh Nagar's 2024 figure below this median.

• E.V.P, Sapthagiri Nagar: Rs 3,520 per sq.ft (2024)
• Faith House II nd Street: Rs 3,960 per sq.ft (2024)
• Faith House Ist Street: Rs 3,960 per sq.ft (2024)
• Eswaran koil Street: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Lane: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Back Side Lane: Rs 4,290 per sq.ft (2024)

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 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for stamp duty and registration fees to Rs 3,16,800. 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 detailed calculations.

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 Porur

The guideline value is a crucial factor during property registration in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

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 3,520 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 267 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1218% over the years.

What is the land classification for E.V.P. Santhosh Nagar?

E.V.P. Santhosh Nagar is classified as Residential Special Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for E.V.P. Santhosh Nagar?

The Kunrathur Sub Registrar Office, which covers E.V.P. Santhosh Nagar, is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duties calculated for properties in E.V.P. Santhosh Nagar?

Stamp duties are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,46,400.