Guideline Value for EVP TOWN PHASE - II

Evp Town Phase - II guideline value

The current guideline value for Evp Town Phase - II is Rs 3,450 per sq.ft, effective from 1 July 2024. This area is located in Tharapakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - V.

How the guideline value of Evp Town Phase - II has changed

The guideline value for Evp Town Phase - II has undergone several revisions over the years. The earliest recorded revision was in 2002, followed by 2003, 2007, 2012, and 2017. The 2017 revision set the guideline value at Rs 2,100 per sq.ft. The most recent revision in 2024 increased this value significantly to Rs 3,450 per sq.ft, marking a change of +64% from the 2017 figure.

For the years 2023, 2012, 2007, 2003, and 2002, the register has no figure for this street. The substantial increase from 2017 to 2024 reflects the current valuation of properties in this area.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which indicates that the guideline value for Evp Town Phase - II is above this median.

• E.V.P Town: Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Doctors Chennapatnam: Rs 4,269 per sq.ft (2024)
• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)
• G D S Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Evp Town Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,450 per sq.ft, the total guideline value amounts to Rs 34,50,000. The stamp duty at 7% would be Rs 2,41,500, and the registration fee at 2% would be Rs 69,000, bringing the total to Rs 3,10,500. 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 Evp Town Phase - II?

The Evp Town Phase - II area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Tharapakkam

The guideline value is a crucial factor during the registration of property transactions in Tharapakkam. It serves as the basis for calculating the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Evp Town Phase - II?

The current guideline value for Evp Town Phase - II is Rs 3,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2017 to Rs 3,450 per sq.ft in 2024, representing a +64% increase.

What is the land classification for Evp Town Phase - II?

The land classification for Evp Town Phase - II is Residential Special Type - V.

Where can I find the registration office for Evp Town Phase - II?

The registration office for Evp Town Phase - II is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for property in Evp Town Phase - II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,50,000, the stamp duty would be Rs 2,41,500.