Guideline Value for E.V.R Periyar Street

E.V.R Periyar Street guideline value

The current guideline value of E.V.R Periyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class II Type - II.

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

The guideline value for E.V.R Periyar Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, representing a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64% in the guideline value.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing E.V.R Periyar Street's 2024 figure below that median.

• Eswari Garden: Rs 1,980 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,980 per sq.ft (2024)
• Friends Avenue: Rs 3,450 per sq.ft (2024)
• Easwari Nagar: Rs 1,980 per sq.ft (2024)
• Gandhi Street: Rs 1,650 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

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

The E.V.R Periyar Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

Frequently asked questions

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

The current guideline value of E.V.R Periyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over the years.

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

E.V.R Periyar Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 19,80,000, leading to specific fees based on that amount.