Guideline Value for EV PERIYAR STREET

Ev Periyar Street guideline value

The current guideline value of Ev Periyar Street is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ev Periyar Street has changed

Over the years, the guideline value of Ev Periyar Street has seen significant changes. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased dramatically to Rs 3,200 per sq.ft in 2012, marking a rise of 191%. However, between 2012 and 2017, the value decreased to Rs 2,144 per sq.ft, reflecting a drop of 33%. The subsequent revisions saw an increase to Rs 3,200 per sq.ft in 2023 and then to Rs 3,550 per sq.ft in 2024, which is an increase of 11% from the previous year and a total increase of 49% from 2017.

It is important to note that the register has no figures for Ev Periyar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 223%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing Ev Periyar Street's 2024 figure above that median.

• Evp Santhosh Nagar: Rs 3,550 per sq.ft (2024)
• E.V.P.Santhosh Nagar 1st Main Road: Rs 3,550 per sq.ft (2024)
• E.V.P.Santhosh Nagar 1 to 4 Street: Rs 3,550 per sq.ft (2024)
• Evr Periyar 1st Cross Street: Rs 3,550 per sq.ft (2024)
• E.V.R.Periyar Street: Rs 3,550 per sq.ft (2024)
• Evr Street: Rs 3,550 per sq.ft (2024)

Stamp duty and registration fee for property in Ev Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total to Rs 3,19,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ev Periyar Street?

The Sub Registrar Office that covers Ev Periyar Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ev Periyar Street?

The current guideline value of Ev Periyar Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,100 per sq.ft in 2007 to Rs 3,550 per sq.ft in 2024, marking an overall increase of 223%.

What is the median guideline value in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Ev Periyar Street's value above this median.

What are the stamp duty and registration fees for Ev Periyar Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 2,48,500 and the registration fee would be Rs 71,000, totaling Rs 3,19,500 based on the current guideline value.

Which office handles registrations for Ev Periyar Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Ev Periyar Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.