Guideline Value for EZHILARASI NAGAR PHASE-III

Ezhilarasi Nagar Phase-III guideline value

The current guideline value of Ezhilarasi Nagar Phase-III is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nayakkankuppam village under the Walajabad SRO, classified as Residential Class I Type - I.

How the guideline value of Ezhilarasi Nagar Phase-III has changed

The guideline value for Ezhilarasi Nagar Phase-III has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, representing a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 250 per sq.ft, and it has remained the same in the 2024 revision.

In summary, the current guideline value of Rs 250 per sq.ft reflects no change from the 2023 revision, while overall, from 2012 to 2024, the value has remained constant. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayakkankuppam

In Nayakkankuppam, there are 23 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 403 per sq.ft. The median value is Rs 200 per sq.ft, making the guideline value of Ezhilarasi Nagar Phase-III above that median.

• Ezhilarasi Nagar Phase-II: Rs 250 per sq.ft (2024)
• Ezhil Arasi Nagar: Rs 200 per sq.ft (2024)
• Gain Nagar: Rs 150 per sq.ft (2024)
• Emerald Avenue Extension: Rs 250 per sq.ft (2024)
• Eden Garden: Rs 250 per sq.ft (2024)
• Golden City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhilarasi Nagar Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% amounts to Rs 17,500, and the registration fee at 2% is Rs 5,000, bringing the total charges to Rs 22,500. 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 information on applicable charges.

Which Sub Registrar Office covers Ezhilarasi Nagar Phase-III?

The Ezhilarasi Nagar Phase-III area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Nayakkankuppam, determining the official valuation of a property for registration purposes. When buying or selling property, the guideline value is essential for calculating stamp duty and registration fees.

During the registration process, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Ezhilarasi Nagar Phase-III?

The current guideline value of Ezhilarasi Nagar Phase-III is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the value remaining at Rs 250 per sq.ft since 2012, dropping to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Nayakkankuppam?

The median guideline value in Nayakkankuppam is Rs 200 per sq.ft, with Ezhilarasi Nagar Phase-III's value being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are based on the higher of the guideline value or the sale price.

Where can I find more information about the Sub Registrar Office?

The Walajabad Sub Registrar Office covers Ezhilarasi Nagar Phase-III. For more details, you can visit the official website to find your SRO.