Guideline Value for EZHILARASI NAGAR PHASE-II
₹250/sq.ft.
The guideline value for Ezhilarasi Nagar Phase-ii in Nayakkankuppam village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Nayakkankuppam
Village
Walajabad
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on Ezhilarasi Nagar Phase-ii
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Ezhilarasi Nagar Phase-II guideline value
The current guideline value of Ezhilarasi Nagar Phase-II is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nayakkankuppam village and falls under the Walajabad SRO, classified as Residential Class I Type - I.
How the guideline value of Ezhilarasi Nagar Phase-II has changed
The guideline value for Ezhilarasi Nagar Phase-II has undergone several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This figure was then reduced to Rs 167 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The most recent revision in 2024 maintained this rate at Rs 250 per sq.ft, indicating no change from the previous year.
It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the only relevant revisions are from 2012, 2017, 2023, and the current rate effective from 2024.
Guideline values in Nayakkankuppam
Nayakkankuppam village has 23 streets under the Walajabad SRO, with guideline values ranging from Rs 150 to Rs 403 per sq.ft as of 2024. The median value for these streets is Rs 200 per sq.ft, placing Ezhilarasi Nagar Phase-II above this median.
- Ezhil Arasi Nagar: Rs 200 per sq.ft (2024)
- Ezhilarasi Nagar Phase-III: Rs 250 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-II
For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.
For more information on calculating these fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Ezhilarasi Nagar Phase-II?
The Sub Registrar Office covering Ezhilarasi Nagar Phase-II is 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 is a critical factor in property transactions in Nayakkankuppam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps establish the amount of stamp duty and registration fees that will be applicable.
During the registration process, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.
Frequently asked questions
What is the current guideline value of Ezhilarasi Nagar Phase-II?
The current guideline value of Ezhilarasi Nagar Phase-II is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased back to Rs 250 per sq.ft in 2023 and remained the same in 2024.
What are the guideline values of other streets in Nayakkankuppam?
Other streets in Nayakkankuppam have varying guideline values, ranging from Rs 150 to Rs 403 per sq.ft, with Ezhilarasi Nagar Phase-II being above the median value of Rs 200 per sq.ft.
What is the stamp duty rate for properties in Ezhilarasi Nagar Phase-II?
The stamp duty rate for properties in Ezhilarasi Nagar Phase-II is 7%, which is calculated based on the higher of the guideline value or the sale price.
Where can I find the Sub Registrar Office for Ezhilarasi Nagar Phase-II?
The Sub Registrar Office for Ezhilarasi Nagar Phase-II is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
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