Guideline Value for E.V.R. NAGAMMAI STREET

E.V.R. Nagammai Street guideline value

The current guideline value of E.V.R. Nagammai Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of E.V.R. Nagammai Street has changed

Over the years, the guideline value of E.V.R. Nagammai Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,400 per sq.ft.

From 2012 to 2017, there was a decline of 33%. However, the value increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a rise of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, making the 2024 figure for E.V.R. Nagammai Street above this median.

• E.V.R Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R 2nd Street: Rs 1,400 per sq.ft (2024)
• E.V.R 2nd Cross Street: Rs 1,400 per sq.ft (2024)
• E.V.R 1st Street: Rs 1,400 per sq.ft (2024)
• E.V.R. Street: Rs 1,400 per sq.ft (2024)
• E.V.R 1st Cross Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Nagammai Street

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, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers E.V.R. Nagammai Street?

The Sub Registrar Office that covers E.V.R. Nagammai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling a property in Chembakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of E.V.R. Nagammai Street?

The current guideline value of E.V.R. Nagammai Street 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024, reflecting various increases and decreases over time.

What is the classification of land on E.V.R. Nagammai Street?

The land classification of E.V.R. Nagammai Street is Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 24,00,000, the total stamp duty and registration fees would be Rs 2,16,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.