Guideline Value for E.V.R Cross Street

E.V.R Cross Street guideline value

The current guideline value of E.V.R Cross Street in Chembakkam village is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of E.V.R Cross Street has changed

The guideline value for E.V.R Cross Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 1,300 per sq.ft. This dropped to Rs 871 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,300 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,400 per sq.ft, which is an increase of 8% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for E.V.R Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making the current value of E.V.R Cross Street below that median.

• E.V.R 2nd Street: Rs 1,400 per sq.ft (2024)
• E.V.R. Nagammai Street: Rs 2,400 per sq.ft (2024)
• E.V.R 2nd Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R 1st Street: Rs 1,400 per sq.ft (2024)
• E.V.R 1st Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R. Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R Cross Street?

The Sub Registrar Office that covers E.V.R Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of E.V.R Cross Street?

The current guideline value of E.V.R Cross Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, an increase of 8%. It was Rs 871 per sq.ft in 2017, which was a decrease from Rs 1,300 per sq.ft in 2012.

What is the land classification for E.V.R Cross Street?

E.V.R Cross Street is classified as Residential Class II Type - II.

Where can I find the registration office for E.V.R Cross Street?

The registration office for E.V.R Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in E.V.R Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.