Guideline Value for E.V.R. Periyar Avenue(banunagar west)

E.V.R. Periyar Avenue(banunagar west) guideline value

The current guideline value of E.V.R. Periyar Avenue(banunagar west) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of E.V.R. Periyar Avenue(banunagar west) has changed

The guideline value for E.V.R. Periyar Avenue(banunagar west) has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value climbed again to Rs 2,000 per sq.ft in 2023, and further increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has risen by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for E.V.R. Periyar Avenue(banunagar west). Below are the guideline values of other streets in Oragadam:

• E.V.R.Street (Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• E.V.R.Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• E.V.R Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Erikkarai Street(Main Road): Rs 1,600 per sq.ft (2024)
• Ganapathi 1st Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Periyar Avenue(banunagar west)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.R. Periyar Avenue(banunagar west)?

The Sub Registrar Office that covers E.V.R. Periyar Avenue(banunagar west) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of E.V.R. Periyar Avenue(banunagar west)?

The current guideline value of E.V.R. Periyar Avenue(banunagar west) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing a total increase of 340% over the years.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include E.V.R.Street (Gandhi Nagar) at Rs 1,900 per sq.ft, E.V.R.Street (Vinayagapuram) and E.V.R Street(V.L.Puram) both at Rs 2,400 per sq.ft, and several others with varying rates.

What is the registration fee for property in E.V.R. Periyar Avenue(banunagar west)?

The registration fee for property in E.V.R. Periyar Avenue(banunagar west) is calculated based on the guideline value. For a property valued at Rs 22,00,000, the registration fee at 2% would be Rs 44,000.

Which office handles the registration for E.V.R. Periyar Avenue(banunagar west)?

The Ambattur Sub Registrar Office handles the registration for E.V.R. Periyar Avenue(banunagar west), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.