Guideline Value for EVP SANTHOSH NAGAR

Evp Santhosh Nagar guideline value

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

How the guideline value of Evp Santhosh Nagar has changed

The guideline value for Evp Santhosh Nagar has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 280 per sq.ft. It increased to Rs 346 per sq.ft in 2003, marking a 24% rise. The value then experienced a substantial increase of 218%, reaching Rs 1,100 per sq.ft in 2007. Following that, the 2012 revision saw the value rise to Rs 3,200 per sq.ft, reflecting a 191% increase. However, the 2017 revision marked a decline of 33%, bringing the value down to Rs 2,144 per sq.ft. The guideline value increased again in 2023 to Rs 3,200 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,550 per sq.ft, an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1168%. The register has no figures for revisions other than those listed above.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO carrying 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 Evp Santhosh Nagar's current value above that median.

• 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)
• Ev Periyar 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 Evp Santhosh Nagar

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 cost 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Evp Santhosh Nagar?

The Sub Registrar Office that covers Evp Santhosh Nagar 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 is used as a benchmark for property transactions in Ramapuram. When registering a property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions in the area. This value provides a reference point for both parties during negotiations and helps ensure transparency in the registration process.

Frequently asked questions

What is the current guideline value of Evp Santhosh Nagar?

The current guideline value of Evp Santhosh Nagar 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 280 per sq.ft in 2002 to Rs 3,550 per sq.ft in 2024, showing an overall increase of 1168% over this period.

What is the stamp duty rate for properties in Evp Santhosh Nagar?

The stamp duty rate for properties in Evp Santhosh Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Evp Santhosh Nagar?

The Sub Registrar Office for Evp Santhosh Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Evp Santhosh Nagar's current value of Rs 3,550 per sq.ft being above this median.