Guideline Value for E.V.R.St ( Ward No.25 )

E.V.R.St ( Ward No.25 ) guideline value

The current guideline value of E.V.R.St ( Ward No.25 ) is Rs 1,300 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of E.V.R.St ( Ward No.25 ) has changed

The guideline value for E.V.R.St ( Ward No.25 ) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023. The 2023 revision did not change from the 2012 figure of Rs 1,200 per sq.ft, indicating no change during that period. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value increased by 8%. The increase from the 2023 to 2024 revision is 8%, reflecting the most recent adjustment in the guideline value.

Guideline values in Madhavaram

Madhavaram village features a range of guideline values across its 1,946 streets, with the 2024 figures ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, making E.V.R.St ( Ward No.25 )'s current figure below the median.

• Evr St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)
• Ettiyappa Naicker Nagar: Rs 1,300 per sq.ft (2024)
• Ettiyappa Nagar Extension: Rs 1,300 per sq.ft (2024)
• Ettiappan st ( Ward No.22 ): Rs 1,300 per sq.ft (2024)
• Ettiappan Salai, Ponniammanmedu (Ward-22): Rs 1,300 per sq.ft (2024)
• Ettiappan Nagar (Ward-29): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R.St ( Ward No.25 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would amount to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R.St ( Ward No.25 )?

The E.V.R.St ( Ward No.25 ) falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of E.V.R.St ( Ward No.25 )?

The current guideline value of E.V.R.St ( Ward No.25 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. From 2012 to 2024, the overall increase is also 8%.

What is the land classification of E.V.R.St ( Ward No.25 )?

E.V.R.St ( Ward No.25 ) is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the area.

How is the stamp duty calculated for properties in E.V.R.St ( Ward No.25 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at the rate of 7%.