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_B village under the Thiruvottiyur SRO, 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. The oldest recorded revision is from 2017, where the value was Rs 295 per sq.ft. This rose to Rs 441 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 set the value at Rs 485 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Ezhil Nagar in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is the same as Ezhil Nagar's current guideline 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 guideline value of Rs 485 per sq.ft, the total 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. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a critical factor during the registration of property transactions in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

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 applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

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 much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 295 per sq.ft to Rs 485 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for properties in Ezhil Nagar?

The stamp duty rate for properties in Ezhil Nagar is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for properties in Ezhil Nagar?

The registration fee for properties in Ezhil Nagar is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.