Guideline Value for Ellappa Nagar

Ellappa Nagar guideline value

The current guideline value of Ellappa Nagar, located in the village of Sevilimadu - A under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Ellappa Nagar has changed

Since the 2017 revision, the guideline value of Ellappa Nagar has seen a significant increase. The 2017 revision set the value at Rs 670 per sq.ft, which rose to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 further increased it to Rs 1,100 per sq.ft, a rise of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median for these streets is Rs 1,100 per sq.ft, which matches the guideline value for Ellappa Nagar.

• Dr. J.J. Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Gem Avenue: Rs 1,100 per sq.ft (2024)
• Gem Extension: Rs 1,100 per sq.ft (2024)
• Chinna Kanni Nagar: Rs 875 per sq.ft (2024)
• Chinnaiyan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ellappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ellappa Nagar?

Ellappa Nagar is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ellappa Nagar?

The current guideline value of Ellappa Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What are the other streets with the same guideline value in Sevilimadu - A?

Other streets in Sevilimadu - A with the same guideline value of Rs 1,100 per sq.ft in 2024 include Dr. J.J. Nagar, Gandhi Nagar, Gem Avenue, Gem Extension, and Chinnaiyan Nagar.

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

The Sub Registrar Office covering Ellappa Nagar is the Kanchipuram Joint II SRO, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ellappa Nagar?

Stamp duty for properties in Ellappa Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.