Guideline Value for EZHIL NAGAR

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value of Ezhil Nagar has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

From 2017 to 2023, there was a substantial increase of 49% in the guideline value. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value of Ezhil Nagar is below this median.

• Esco Nagar: Rs 1,600 per sq.ft (2024)
• Gandhi Street: Rs 2,400 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 2,950 per sq.ft (2024)
• Dream Park Extension: Rs 3,300 per sq.ft (2024)
• Dream Park: Rs 2,700 per sq.ft (2024)
• Deivalakshmi Nagar: Rs 2,950 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Ezhil Nagar?

The Sub Registrar Office that covers Ezhil Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chitthalapakkam

The guideline value is a crucial factor when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair price in the eyes of the law.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Ezhil Nagar?

Ezhil Nagar is classified as Residential Special Type - I, which is a designation that indicates its intended use for residential purposes.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees would total Rs 2,43,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.