Guideline Value for E.V.R. PERIYAR NAGAR

E.V.R. Periyar Nagar guideline value

The current guideline value of E.V.R. Periyar Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of E.V.R. Periyar Nagar has changed

The guideline value for E.V.R. Periyar Nagar has seen several revisions over the years. Starting from Rs 26 per sq.ft in 2002, it increased to Rs 30 per sq.ft in 2003, marking a 15% rise. The value then rose significantly to Rs 50 per sq.ft in 2007, reflecting a 67% increase. In 2012, the guideline value was revised to Rs 300 per sq.ft, a substantial increase of 500% from the previous figure. However, it dropped to Rs 201 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 300 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 330 per sq.ft, which is a 10% rise from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1169%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value of E.V.R. Periyar Nagar.

• Eswaran Nagar: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• Dr. Kalaigar Karunanidhi Nagar: Rs 330 per sq.ft (2024)
• GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES: Rs 330 per sq.ft (2024)
• GAYATHRI AVENUE/Extension: Rs 330 per sq.ft (2024)
• Gayathri Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.R. Periyar Nagar?

The Sub Registrar Office that covers E.V.R. Periyar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of E.V.R. Periyar Nagar?

The current guideline value of E.V.R. Periyar Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 26 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1169% over the years.

What is the land classification of E.V.R. Periyar Nagar?

E.V.R. Periyar Nagar is classified as Residential Special Type - II under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for a property in E.V.R. Periyar Nagar?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for E.V.R. Periyar Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.