Guideline Value for E.V.R Street(V.L.Puram)

E.V.R Street(V.L.Puram) guideline value

The current guideline value of E.V.R Street(V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of E.V.R Street(V.L.Puram) has changed

The guideline value for E.V.R Street(V.L.Puram) has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The value experienced a decrease of 33% from 2012 to 2017. Notably, the increase from 2007 to 2012 was a remarkable 267%. Overall, the guideline value has increased by 300% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, and E.V.R Street(V.L.Puram) is above this median.

• E.V.R.Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• E.V.R.Street (Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• E.V.R. Periyar Avenue(banunagar west): Rs 2,200 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Ganapathi 1st Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R Street(V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.R Street(V.L.Puram)?

The Sub Registrar Office that covers E.V.R Street(V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property registration in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property. The authorities use the guideline value to ensure that the property is assessed fairly for taxation purposes.

When selling property, the guideline value helps determine the minimum price at which the property can be sold. This ensures that both buyers and sellers are aware of the legal and financial implications of the transaction, promoting transparency in property dealings.

Frequently asked questions

What is the current guideline value of E.V.R Street(V.L.Puram)?

The current guideline value of E.V.R Street(V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the land classification for E.V.R Street(V.L.Puram)?

The land classification for E.V.R Street(V.L.Puram) is Residential Special Type - I.

Where is the Sub Registrar Office for E.V.R Street(V.L.Puram)?

The Sub Registrar Office for E.V.R Street(V.L.Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in E.V.R Street(V.L.Puram)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000.