Guideline Value for EVS NAGAR PHASE-I

Evs Nagar Phase-I guideline value

The current guideline value of Evs Nagar Phase-I is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Mulli village and falls under the Madurandakam Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - I.

How the guideline value of Evs Nagar Phase-I has changed

The guideline value for Evs Nagar Phase-I has seen several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft. This figure remained unchanged until 2017 when it decreased to Rs 67 per sq.ft. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2012 to 2017, the guideline value experienced a decrease of 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mulli

In Mulli village, there are five streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, which is equal to the guideline value for Evs Nagar Phase-I. Below are the guideline values for other streets in Mulli:

• Barathi Nagar: Rs 101 per sq.ft (2024)
• Sai Parvathi Avenue: Rs 101 per sq.ft (2024)
• Sripuram Avenue: Rs 100 per sq.ft (2024)
• Bharathi Nagar Extention: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Evs Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Evs Nagar Phase-I?

The Sub Registrar Office that covers Evs Nagar Phase-I is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mulli. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must refer to the latest guideline value to ensure compliance with the legal requirements during property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Evs Nagar Phase-I?

The current guideline value of Evs Nagar Phase-I is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What is the land classification for Evs Nagar Phase-I?

The land classification for Evs Nagar Phase-I is Residential Special Type - I.

What are the stamp duty and registration fees for property in Evs Nagar Phase-I?

For a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070 and the registration fee would be Rs 2,020, totaling Rs 9,090.

Which Sub Registrar Office covers Evs Nagar Phase-I?

The Madurandakam Sub Registrar Office covers Evs Nagar Phase-I, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.