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

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

The current guideline value of E.V.R. Colony 1st 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. The land classification for this area is Residential Class I Type - III.

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

The guideline value register shows that there have been no figures recorded for E.V.R. Colony 1st Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is Rs 2,750 per sq.ft.

As such, the 2024 revision marks the first recorded guideline value for this street. There have been no changes between the revisions listed above.

Guideline values in Madipakkam-1

In Madipakkam-1, a total of 1823 streets carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. E.V.R. Colony 1st Street's guideline value is equal to this median.

• E.V.R. Colony 1st Cross 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: 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 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 amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please note that duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R. Colony 1st Street?

The E.V.R. Colony 1st Street falls under 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 details.

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 for property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property, ensuring that the appropriate taxes are levied based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

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

What revisions have been made to the guideline value of E.V.R. Colony 1st Street?

There have been no recorded figures for E.V.R. Colony 1st Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024, which is Rs 2,750 per sq.ft.

What is the land classification for E.V.R. Colony 1st Street?

The land classification for E.V.R. Colony 1st Street is Residential Class I Type - III.

How is the stamp duty calculated for property in E.V.R. Colony 1st Street?

The stamp duty for property in E.V.R. Colony 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,92,500 based on the current guideline value.

Where can I find the Sub Registrar Office for E.V.R. Colony 1st Street?

The Sub Registrar Office covering E.V.R. Colony 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.