Guideline Value for E.V.P.Santhosh Nagar 1 to 4 Street

E.V.P.Santhosh Nagar 1 to 4 Street guideline value

The current guideline value for E.V.P.Santhosh Nagar 1 to 4 Street is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of E.V.P.Santhosh Nagar 1 to 4 Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,200 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 3,550 per sq.ft, which is an increase of 11% from the previous year.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing E.V.P.Santhosh Nagar 1 to 4 Street above this median at Rs 3,550 per sq.ft.

• E.V.P.Santhosh Nagar 1st Main Road: Rs 3,550 per sq.ft (2024)
• Evp Santhosh Nagar: Rs 3,550 per sq.ft (2024)
• Evr Periyar 1st Cross Street: Rs 3,550 per sq.ft (2024)
• E.V.R.Periyar Street: Rs 3,550 per sq.ft (2024)
• Ev Periyar Street: Rs 3,550 per sq.ft (2024)
• Evr Street: Rs 3,550 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.P.Santhosh Nagar 1 to 4 Street

For a 1,000 sq.ft plot at the current rate of Rs 3,550 per sq.ft, the guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, totaling Rs 3,19,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers E.V.P.Santhosh Nagar 1 to 4 Street?

The E.V.P.Santhosh Nagar 1 to 4 Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the registration office will use the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value, which helps in maintaining consistency across property transactions.

Frequently asked questions

What is the current guideline value for E.V.P.Santhosh Nagar 1 to 4 Street?

The current guideline value for E.V.P.Santhosh Nagar 1 to 4 Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

What is the median guideline value in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, which means E.V.P.Santhosh Nagar 1 to 4 Street is above this median at Rs 3,550 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

Where can I find the Sub Registrar Office for E.V.P.Santhosh Nagar 1 to 4 Street?

The Sub Registrar Office for E.V.P.Santhosh Nagar 1 to 4 Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.