Guideline Value for E.V.R. Colony 1st Cross Street

E.V.R. Colony 1st Cross Street guideline value

The current guideline value of E.V.R. Colony 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of E.V.R. Colony 1st Cross Street has changed

According to the guideline value register, there are no figures available for E.V.R. Colony 1st Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision that has a figure for this street is from 2024, which is Rs 2,750 per sq.ft.

The 2024 revision is the first recorded value for this street. There have been no changes between the revisions as there are no previous figures to compare against.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,750 per sq.ft, which is equal to the guideline value of E.V.R. Colony 1st Cross Street.

• E.V.R. Colony: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 1st Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 2nd Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that 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.R. Colony 1st Cross Street?

The E.V.R. Colony 1st Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of E.V.R. Colony 1st Cross Street?

The current guideline value of E.V.R. Colony 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

What land classification does E.V.R. Colony 1st Cross Street fall under?

E.V.R. Colony 1st Cross Street falls under the Residential Class I Type - III land classification.

How many streets are there in Madipakkam-1 under Velacheri SRO?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO that carry a 2024 guideline value.

What is the stamp duty rate for properties in E.V.R. Colony 1st Cross Street?

The stamp duty rate for properties in E.V.R. Colony 1st Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.