Guideline Value for E.V.R.Street (Vinayagapuram)

E.V.R.Street (Vinayagapuram) guideline value

The current guideline value of E.V.R.Street (Vinayagapuram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

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

The guideline value for E.V.R.Street (Vinayagapuram) has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it saw a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023 and currently stands at Rs 2,400 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the 2023 to 2024 revision reflects a 9% rise. The overall change from 2007 to 2024 shows an increase of 300%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of E.V.R.Street (Vinayagapuram) is above this median.

• E.V.R.Street (Gandhi Nagar): Rs 1,900 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 (Vinayagapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value is Rs 24,00,000. The stamp duty at 7% amounts to Rs 1,68,000, and the registration fee at 2% is Rs 48,000, bringing the total fees together to Rs 2,16,000. 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 for more details.

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

The Sub Registrar Office that covers E.V.R.Street (Vinayagapuram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To locate your SRO, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the sale process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of E.V.R.Street (Vinayagapuram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

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

E.V.R.Street (Vinayagapuram) is classified as Residential Special Type - I under the Ambattur SRO.

Which office handles registrations for E.V.R.Street (Vinayagapuram)?

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

What is the stamp duty rate for property in E.V.R.Street (Vinayagapuram)?

The stamp duty rate for property transactions in E.V.R.Street (Vinayagapuram) is 7% of the guideline value or the sale price, whichever is higher.