Guideline Value for Evalappan St

Evalappan St guideline value

The current guideline value of Evalappan St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Evalappan St has changed

The guideline value for Evalappan St has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by another rise to Rs 1,650 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2012 to 2024, it has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for Evalappan St in the register.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value for Evalappan St.

• E.V.Perumalsamy St ( Sri Manakula vinayagar St): Rs 1,100 per sq.ft (2024)
• Erikarai street: Rs 2,750 per sq.ft (2024)
• Emaraldu Estate: Rs 2,750 per sq.ft (2024)
• Emarald Estate Avenue: Rs 1,650 per sq.ft (2024)
• Elizabeth street: Rs 1,100 per sq.ft (2024)
• Elizabeth Rani Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Evalappan St

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the 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 to Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Evalappan St?

The Sub Registrar Office that covers Evalappan St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor in the registration process of property transactions in Chitlapakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the relevant fees. This ensures that the transaction is recorded accurately and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Evalappan St?

The current guideline value of Evalappan St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Evalappan St?

Evalappan St is classified as Residential Class I Type - III under the Tambaram Joint 1 SRO.

Where can I find the Sub Registrar Office for Evalappan St?

The Sub Registrar Office for Evalappan St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.