Guideline Value for EVR STREET

Evr Street guideline value

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

How the guideline value of Evr Street has changed

The guideline value for Evr Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,100 per sq.ft. This increased significantly to Rs 3,200 per sq.ft in the 2012 revision, marking a rise of 191%. However, the value then decreased to Rs 2,144 per sq.ft in the 2017 revision, reflecting a decline of 33%. The 2023 revision saw a substantial increase to Rs 3,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,550 per sq.ft, which is an increase of 11% from the previous year.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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 have a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Evr Street's 2024 value above this median.

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

Stamp duty and registration fee for property in Evr Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value amounts to Rs 35,50,000. The stamp duty, charged at 7%, would be Rs 2,48,500, while the registration fee at 2% would be Rs 71,000. Together, these fees total 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 Evr Street?

The Sub Registrar Office that covers Evr 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 property transactions in Ramapuram. When a property is bought or sold, the guideline value is often used to determine the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be informed about the current guideline value to ensure compliance with local regulations and to accurately assess the costs involved in property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Evr Street?

The current guideline value of Evr 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 from Rs 1,100 per sq.ft in 2007 to Rs 3,550 per sq.ft in 2024, marking an overall increase of 223% over the years.

What is the registration office for Evr Street?

The registration office for Evr 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.

What are the stamp duty and registration fees for a property in Evr Street?

For a 1,000 sq.ft property at the current guideline value of Rs 3,550 per sq.ft, the total guideline value is Rs 35,50,000. The stamp duty would be Rs 2,48,500, and the registration fee would be Rs 71,000, totaling Rs 3,19,500.

What is the land classification for Evr Street?

Evr Street is classified as Residential Class I Type - II under the Chennai South Joint II SRO.