Guideline Value for EZHIL NAGAR

Ezhil Nagar guideline value

The current guideline value for Ezhil Nagar, located in Kannivakkam village under the Thiruporur SRO, is Rs 800 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value of Ezhil Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which remained unchanged in the subsequent revision in 2017 when it was reduced to Rs 536 per sq.ft. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, there has been no change in the guideline value.

Between 2017 and 2023, the guideline value increased by 49%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Kannivakkam

Kannivakkam village has a total of 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Ezhil Nagar's 2024 figure below that median.

• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)
• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)
• Ge Geo City: Rs 605 per sq.ft (2024)
• Ge Green Land: Rs 800 per sq.ft (2024)
• Ge Mahathi Avenue II: Rs 800 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total cost for these fees Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ezhil Nagar?

The Ezhil Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, 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 Kannivakkam

The guideline value plays a crucial role during the registration process of property transactions in Kannivakkam. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is equal to or higher than the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 800 per sq.ft in both 2023 and 2024. The value was Rs 536 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What is the land classification of Ezhil Nagar?

Ezhil Nagar is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Ezhil Nagar?

The Sub Registrar Office covering Ezhil Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Ezhil Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 8,00,000, the total fees would amount to Rs 72,000.