Guideline Value for E.V.R. Street

E.V.R. Street guideline value

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

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

The guideline value for E.V.R. Street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 250 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a rise of 420%. However, the 2017 revision saw a decrease to Rs 871 per sq.ft, a drop of 33%. The value then rose to Rs 1,300 per sq.ft in the 2023 revision, and the most recent 2024 revision set the value at Rs 1,400 per sq.ft, an increase of 8%.

There are no recorded figures for E.V.R. Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 460%.

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 as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing E.V.R. Street's 2024 figure below that median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 to estimate your costs.

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

The E.V.R. Street is covered by 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 plays a crucial role in property transactions in Chembakkam. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When registering a property, 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.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, showing an overall increase of 460% over the years.

What is the classification of E.V.R. Street?

E.V.R. Street is classified as Residential Class II Type - II under the Selaiyur SRO.

What are the stamp duty and registration fees for properties on E.V.R. Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 14,00,000, the total fees would amount to Rs 1,26,000.

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.