Guideline Value for EZHIL NAGAR (CHEN)

Ezhil Nagar (Chen) guideline value

The current guideline value of Ezhil Nagar (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is part of Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Ezhil Nagar (Chen) has changed

The guideline value for Ezhil Nagar (Chen) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, the value increased again to Rs 1,000 per sq.ft in the 2023 revision and further to Rs 1,100 per sq.ft in the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. Thereafter, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Ezhil Nagar (Chen) above this median.

• Ford Avenue (Chen): Rs 1,100 per sq.ft (2024)
• Ganapathy Nagar (Chen): Rs 770 per sq.ft (2024)
• Ganapathy Syndicate (Chen): Rs 770 per sq.ft (2024)
• Gandhi Nagar Extn (Chen): Rs 770 per sq.ft (2024)
• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar (Chen)?

The Sub Registrar Office that covers Ezhil Nagar (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It serves as a reference for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. This is essential for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ezhil Nagar (Chen)?

The current guideline value of Ezhil Nagar (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the guideline values of other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values, ranging from Rs 660 to Rs 3,285 per sq.ft, with a median of Rs 880 per sq.ft.

What are the stamp duty and registration fees for properties in Ezhil Nagar (Chen)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office should I contact for Ezhil Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Ezhil Nagar (Chen).