Guideline Value for E.V.P. TOWN

E.V.P. Town guideline value

The current guideline value of E.V.P. Town, located in Nemilancheri village under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of E.V.P. Town has changed

The guideline value for E.V.P. Town has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and finally, it rose to Rs 990 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nemilancheri

Nemilancheri village features 15 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with the median being Rs 990 per sq.ft. E.V.P. Town's current guideline value aligns with this median.

• Evp Rajeswari Town: Rs 1,650 per sq.ft (2024)
• Devi Nagar: Rs 660 per sq.ft (2024)
• Harmony Enclave: Rs 1,650 per sq.ft (2024)
• Annai Indira Nagar: Rs 990 per sq.ft (2024)
• Mahadevan Nagar: Rs 770 per sq.ft (2024)
• M.T.H Road: Rs 1,870 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. 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. Town?

The Sub Registrar Office that covers E.V.P. Town is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemilancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of E.V.P. Town is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023, and finally to Rs 990 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for E.V.P. Town?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for E.V.P. Town?

The Avadi Sub Registrar Office handles property registrations for E.V.P. Town. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for E.V.P. Town?

E.V.P. Town is classified as Residential Special Type - III, which indicates its designated use for residential purposes within the area.