Guideline Value for E.V.R 1,2,3,4,5, STREETS

E.V.R 1,2,3,4,5, Streets guideline value

The current guideline value for E.V.R 1,2,3,4,5, Streets in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of E.V.R 1,2,3,4,5, Streets has changed

The guideline value for E.V.R 1,2,3,4,5, Streets 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. The following year, in 2023, the guideline value rose to Rs 900 per sq.ft, and the most recent revision in 2024 increased it to Rs 988 per sq.ft. The register has no figure for the revisions in 2002, 2003, and 2007.

Between the revisions, the changes were significant. From 2017 to 2023, there was an increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the guideline value for E.V.R 1,2,3,4,5, Streets.

• E.V.R.St (M.T.H.Road Northern Side): Rs 988 per sq.ft (2024)
• Farmers St: Rs 800 per sq.ft (2024)
• F.C.I.Road: Rs 988 per sq.ft (2024)
• Elango St (Ambedkar Nagar): Rs 800 per sq.ft (2024)
• Gandhi St,Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Gandhi St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R 1,2,3,4,5, Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, leading to a total of Rs 88,920. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R 1,2,3,4,5, Streets?

The Sub Registrar Office that covers E.V.R 1,2,3,4,5, Streets 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 Thandurai

The guideline value is an important factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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

Frequently asked questions

What is the current guideline value for E.V.R 1,2,3,4,5, Streets?

The current guideline value for E.V.R 1,2,3,4,5, Streets is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for E.V.R 1,2,3,4,5, Streets?

The land classification for E.V.R 1,2,3,4,5, Streets is Residential Class II Type - I.

What is the median guideline value in Thandurai?

The median guideline value in Thandurai is Rs 988 per sq.ft, which is the same as the guideline value for E.V.R 1,2,3,4,5, Streets.

Where can I find the Sub Registrar Office for E.V.R 1,2,3,4,5, Streets?

The Sub Registrar Office for E.V.R 1,2,3,4,5, Streets is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.