Guideline Value for EVP PADMA AVENUE

Evp Padma Avenue guideline value

The current guideline value of Evp Padma Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Evp Padma Avenue has changed

The register has no figures for Evp Padma Avenue for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,500 per sq.ft in the 2023 revision, which increased to Rs 1,650 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the guideline value for Evp Padma Avenue has seen a consistent increase in recent years, with the most recent revision reflecting a significant rise from the previous year.

Guideline values in Vallancheri

Vallancheri village has a total of 134 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Evp Padma Avenue's 2024 figure above the median.

• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 880 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 880 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Evp Padma Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Evp Padma Avenue?

The Sub Registrar Office that covers Evp Padma Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vallancheri. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. This value is set by the government and is periodically revised to reflect current market conditions.

When selling property, the guideline value is essential as it establishes the minimum value for registration purposes. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Evp Padma Avenue?

The current guideline value of Evp Padma Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Evp Padma Avenue was Rs 1,500 per sq.ft in 2023 and increased to Rs 1,650 per sq.ft in 2024, showing a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Evp Padma Avenue?

Evp Padma Avenue is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Vallancheri?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a property valued at Rs 16,50,000 would incur a total fee of Rs 1,48,500.

Where can I find the Sub Registrar Office for Evp Padma Avenue?

The Chengleput Joint II Sub Registrar Office covers Evp Padma Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.