Guideline Value for E.V.R. Periyar Street

E.V.R. Periyar Street guideline value

The current guideline value of E.V.R. Periyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

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

The guideline value for E.V.R. Periyar Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,300 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 131%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and subsequently increased to Rs 3,300 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for the years 2002 and 2003 for E.V.R. Periyar Street. Overall, from 2007 to 2024, the guideline value has increased by 154%.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the current value of E.V.R. Periyar Street below this median.

• Engineer Sampath Garden: Rs 3,300 per sq.ft (2024)
• Elangovadikal Street: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• East Mada Street: Rs 3,300 per sq.ft (2024)
• Durai Sampath Road: Rs 3,300 per sq.ft (2024)
• Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street): Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

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

The Sub Registrar Office that covers E.V.R. Periyar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

Additionally, the guideline value helps ensure transparency in property transactions, as it provides a standardized measure for valuing properties in the area. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of E.V.R. Periyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 154% over this period.

What are the other streets with the same guideline value in Koyakbedu?

Other streets in Koyakbedu with the same guideline value of Rs 3,300 per sq.ft include Engineer Sampath Garden, Elangovadikal Street, Gandhi Street, East Mada Street, and Durai Sampath Road.

Where can I find the Sub Registrar Office for E.V.R. Periyar Street?

The Sub Registrar Office for E.V.R. Periyar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.