Guideline Value for E.V.R.Street (Gandhi Nagar)

E.V.R.Street (Gandhi Nagar) guideline value

The current guideline value of E.V.R.Street (Gandhi Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of E.V.R.Street (Gandhi Nagar) has changed

The guideline value for E.V.R.Street (Gandhi Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and finally, it reached Rs 1,900 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing E.V.R.Street (Gandhi Nagar) below this median.

• E.V.R.Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• E.V.R Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• E.V.R. Periyar Avenue(banunagar west): Rs 2,200 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Ganapathi 1st Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R.Street (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property transaction.

Which Sub Registrar Office covers E.V.R.Street (Gandhi Nagar)?

The Sub Registrar Office that covers E.V.R.Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price, as the registration fees and stamp duties are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, thus aiding in transparency within the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E.V.R.Street (Gandhi Nagar)?

The current guideline value of E.V.R.Street (Gandhi Nagar) is Rs 1,900 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 increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for E.V.R.Street (Gandhi Nagar)?

E.V.R.Street (Gandhi Nagar) is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for E.V.R.Street (Gandhi Nagar)?

The Sub Registrar Office for E.V.R.Street (Gandhi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty for property transactions in E.V.R.Street (Gandhi Nagar)?

The stamp duty for property transactions in E.V.R.Street (Gandhi Nagar) is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,33,000 based on the current guideline value.