Guideline Value for Ezhil Arasi Nagar

Ezhil Arasi Nagar guideline value

The current guideline value of Ezhil Arasi Nagar, located in Nayakkankuppam village under the Walajabad SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Ezhil Arasi Nagar has changed

Looking at the revisions, the guideline value for Ezhil Arasi Nagar has seen several changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase of 49% to Rs 134 per sq.ft in the 2023 revision, which then held steady at Rs 200 per sq.ft in the 2024 revision, reflecting 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. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Nayakkankuppam

Nayakkankuppam village has a total of 23 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 403 per sq.ft, with the median set at Rs 200 per sq.ft. Ezhil Arasi Nagar's 2024 figure aligns perfectly with this median value.

• Ezhilarasi Nagar Phase-II: Rs 250 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 Ezhil Arasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Arasi Nagar?

The Ezhil Arasi Nagar area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nayakkankuppam. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that transactions are conducted at a fair price as per the government regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ezhil Arasi Nagar?

The current guideline value of Ezhil Arasi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. There were no figures available for the revisions in 2002, 2003, and 2007.

What is the median guideline value in Nayakkankuppam?

The median guideline value in Nayakkankuppam is Rs 200 per sq.ft, with Ezhil Arasi Nagar's value aligning with this median.

What are the stamp duty and registration fees for property in Ezhil Arasi Nagar?

For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% is Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Ezhil Arasi Nagar?

The Walajabad Sub Registrar Office handles registrations for Ezhil Arasi Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.