Guideline Value for E.V.R.STREET

E.V.R.Street guideline value

The current guideline value of E.V.R.Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO and is classified as Residential Class I Type - I.

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 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. The following year, in 2023, the guideline value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 1,980 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 24%. The significant change from 2023 to 2024 saw an increase of 32%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri village, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is also the current value for E.V.R.Street.

• ESIC Nagar: Rs 2,530 per sq.ft (2024)
• Gandhi Street: Rs 1,100 per sq.ft (2024)
• Gopalakrishnan Street: Rs 1,980 per sq.ft (2024)
• Govindaraj Street: Rs 1,100 per sq.ft (2024)
• Chelliamman Koil Street: Rs 1,980 per sq.ft (2024)
• Irataimalai Srinivasan Street: Rs 1,980 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers E.V.R.Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

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 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

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

The stamp duty for a property valued at Rs 19,80,000 is Rs 1,38,600, and the registration fee is Rs 39,600, totaling Rs 1,78,200.

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

The Pallavaram Sub Registrar Office covers E.V.R.Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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

E.V.R.Street is classified as Residential Class I Type - I, indicating its designation for residential use within the area.