Guideline Value for E.V.R. Colony 3rd Cross Street

E.V.R. Colony 3rd Cross Street guideline value

The current guideline value of E.V.R. Colony 3rd 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 3rd Cross Street has changed

The guideline value register has no figures for E.V.R. Colony 3rd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,750 per sq.ft.

Since there have been no figures recorded for this street in the previous revisions, the 2024 figure stands alone as the current guideline value.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft. The guideline value for E.V.R. Colony 3rd Cross Street matches this median value.

• E.V.R. Colony 1st Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 1st 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 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony Andavar 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 3rd 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 amounts to 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, resulting in a total of Rs 2,47,500. Note that the 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 3rd Cross Street?

The Sub Registrar Office that covers E.V.R. Colony 3rd 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 information.

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

The guideline value is a crucial factor in the property registration process in Madipakkam-1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value will be considered alongside the sale price, with the higher of the two being used to calculate the applicable duties and fees. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of E.V.R. Colony 3rd Cross Street?

The current guideline value of E.V.R. Colony 3rd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

When was the last revision of the guideline value for this street?

The last revision of the guideline value for E.V.R. Colony 3rd Cross Street was in 2024, which set the value at Rs 2,750 per sq.ft.

Are there any previous guideline values for E.V.R. Colony 3rd Cross Street?

The guideline value register has no figures for E.V.R. Colony 3rd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for E.V.R. Colony 3rd Cross Street?

E.V.R. Colony 3rd Cross Street is classified as Residential Class I Type - III.

How is the stamp duty calculated for properties in E.V.R. Colony 3rd Cross Street?

Stamp duty for properties in E.V.R. Colony 3rd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.