Guideline Value for E.V.S. Nagar

E.V.S. Nagar guideline value

The current guideline value of E.V.S. Nagar in Malayambakkam village is Rs 660 per sq.ft, effective from the 2024 revision. This area falls under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of E.V.S. Nagar has changed

The guideline value of E.V.S. Nagar has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased dramatically to Rs 600 per sq.ft in 2012, marking a 300% increase. However, it then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The value rose significantly again to Rs 600 per sq.ft in 2023, and most recently to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. E.V.S. Nagar's 2024 guideline value is below this median.

• Gajalakshmi Nagar: Rs 935 per sq.ft (2024)
• Gangai Amman Koil St: Rs 660 per sq.ft (2024)
• Hari Sai Nagar: Rs 800 per sq.ft (2024)
• Cholan Nagar: Rs 935 per sq.ft (2024)
• Chinthamani Nagar: Rs 880 per sq.ft (2024)
• Jai Nagar Phase II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.S. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.V.S. Nagar?

The Sub Registrar Office that covers E.V.S. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Malayambakkam. It is used to determine the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, 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 transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of E.V.S. Nagar?

The current guideline value of E.V.S. Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 150 per sq.ft to Rs 660 per sq.ft in 2024, representing an overall increase of 340%.

What are the stamp duty and registration fees for a property in E.V.S. Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 59,400.

Which office handles property registrations in E.V.S. Nagar?

The Kunrathur Sub Registrar Office handles property registrations for E.V.S. Nagar. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Malayambakkam?

The median guideline value in Malayambakkam is Rs 935 per sq.ft, while E.V.S. Nagar's current value is below this median.