Guideline Value for EZHIL NAGAR

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Karunguzhipallam village under the Thiruporur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest 2024 revision has further increased it to Rs 880 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a total increase of 10% in the guideline value.

Guideline values in Karunguzhipallam

In Karunguzhipallam village, there are four streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 2,639 per sq.ft. The median guideline value in this area is Rs 1,190 per sq.ft, placing Ezhil Nagar's 2024 figure below this median.

• Brindavanam: Rs 2,639 per sq.ft (2024)
• Platinum Paradise: Rs 880 per sq.ft (2024)
• Chendur Abode: Rs 1,500 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karunguzhipallam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Ezhil Nagar?

The land classification for Ezhil Nagar is Mixed Type - II.

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 is stamp duty calculated for properties in Ezhil Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 79,200.