Guideline Value for E.V.R. Street, Chennai 82

E.V.R. Street, Chennai 82 guideline value

The current guideline value of E.V.R. Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of E.V.R. Street, Chennai 82 has changed

Over the years, the guideline value of E.V.R. Street has seen significant changes. In the 2007 revision, the guideline value was Rs 1,200 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, the value dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for E.V.R. Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of E.V.R. Street is below this median.

• Ganapathy Colony- 2nd Main Road: Rs 12,100 per sq.ft (2024)
• Elumalai Naicken Street: Rs 4,900 per sq.ft (2024)
• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)
• Gandhi Nagar (Slum Board Allotment Only): Rs 2,700 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R. Street, Chennai 82?

The Sub Registrar Office covering E.V.R. Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of E.V.R. Street, Chennai 82?

The current guideline value of E.V.R. Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 267% over the years.

What is the land classification for E.V.R. Street?

The land classification for E.V.R. Street is Residential Class II Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 3,96,000, based on the guideline value of Rs 44,00,000.

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

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