Guideline Value

Corporate

Guideline Value for E.V.R. Colony 2nd Cross Street

₹2750/sq.ft.

The guideline value for E.v.r. Colony 2nd Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.v.r. Colony 2nd Cross Street

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E.V.R. Colony 2nd Cross Street guideline value

The current guideline value of E.V.R. Colony 2nd 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of E.V.R. Colony 2nd Cross Street has changed

The guideline value register has no figures for E.V.R. Colony 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

As there are no previous figures available for this street, there have been no changes in the guideline value between revisions. The 2024 figure stands as the sole reference for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the 2024 figure for E.V.R. Colony 2nd Cross Street.

Stamp duty and registration fee for property in E.V.R. Colony 2nd 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 amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers E.V.R. Colony 2nd Cross Street?

The Sub Registrar Office that covers E.V.R. Colony 2nd Cross Street is 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 crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of E.V.R. Colony 2nd Cross Street?

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

What revisions have been made to the guideline value for this street?

The guideline value register has no figures for E.V.R. Colony 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value for E.V.R. Colony 2nd Cross Street is Rs 2,750 per sq.ft, which is equal to the median guideline value for the area. Other streets in Madipakkam-1 also have the same guideline value for 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for E.V.R. Colony 2nd Cross Street?

The Sub Registrar Office for E.V.R. Colony 2nd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.