Guideline Value for EZHIL NAGAR

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 440 per sq.ft in 2012. However, it saw a decrease to Rs 295 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 441 per sq.ft, and the latest revision in 2024 has set it at Rs 485 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the guideline value changed as follows: from 2007 to 2012, it increased by 193%; from 2012 to 2017, it decreased by 33%; from 2017 to 2023, it rose by 49%; and from 2023 to 2024, it increased by 10%. Overall, the guideline value has increased by 223% from 2007 to 2024.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with the median value being Rs 485 per sq.ft. Ezhil Nagar's 2024 figure is equal to this median value.

• F D Nagar: Rs 550 per sq.ft (2024)
• Eswaran Koil Street: Rs 440 per sq.ft (2024)
• Ganapathi Nagar: Rs 485 per sq.ft (2024)
• I.J Puram: Rs 485 per sq.ft (2024)
• Chandra Nagar: Rs 440 per sq.ft (2024)
• Jagan Nagar: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 485 per sq.ft, the guideline value would be Rs 4,85,000. The stamp duty at 7% would amount to Rs 33,950, and the registration fee at 2% would be Rs 9,700, totaling Rs 43,650. 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 information.

Which Sub Registrar Office covers Ezhil Nagar?

The Sub Registrar Office that covers Ezhil Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Vichoor, as it determines the minimum value on which stamp duty is calculated. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official registry.

At the time of registration, buyers and sellers must refer to the guideline value to determine applicable fees. This value serves as a benchmark for assessing property transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value of Ezhil Nagar changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 485 per sq.ft in 2024, with various revisions in between.

What are the stamp duty and registration fees for property in Ezhil Nagar?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 43,650, based on the guideline value of Rs 4,85,000.

Which office handles property registrations in Ezhil Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations in Ezhil Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Ezhil Nagar?

Ezhil Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.