Guideline Value for E.C.T.V Nagar

E.C.T.V Nagar guideline value

The current guideline value of E.C.T.V Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of E.C.T.V Nagar has changed

The guideline value for E.C.T.V Nagar has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a 101% rise. The value then rose to Rs 1,200 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of E.C.T.V Nagar.

• Ekambaram Street: Rs 1,100 per sq.ft (2024)
• Elangovadigal Street: Rs 1,100 per sq.ft (2024)
• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Ellarajamanickam Street: Rs 2,200 per sq.ft (2024)
• ErattaiMalai Srinivasan Stree: Rs 1,100 per sq.ft (2024)
• Durgaiamman Mada Veethi: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in E.C.T.V Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers E.C.T.V Nagar?

The E.C.T.V Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of E.C.T.V Nagar?

The current guideline value of E.C.T.V Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, which is a total increase of 230% over the years.

What are the stamp duty and registration fees for property in E.C.T.V Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in E.C.T.V Nagar?

The Pammal Sub Registrar Office is responsible for property registrations in E.C.T.V Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of E.C.T.V Nagar?

E.C.T.V Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.