Guideline Value for Ezhil Nagar 1st Street

Ezhil Nagar 1st Street guideline value

The current guideline value of Ezhil Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Ezhil Nagar 1st Street has changed

Looking at the revisions, the guideline value for Ezhil Nagar 1st Street has seen various changes over the years. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and then rose to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. Ezhil Nagar 1st Street's 2024 value is below this median.

• Ezhil Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar: Rs 1,300 per sq.ft (2024)
• Emmanuvel Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ezhil Nagar 1st Street?

The Sub Registrar Office that covers Ezhil Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property. It is essential to consider this value during negotiations to ensure a fair transaction process.

Frequently asked questions

What is the current guideline value of Ezhil Nagar 1st Street?

The current guideline value of Ezhil Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Ezhil Nagar 1st Street?

Ezhil Nagar 1st Street is classified as Residential Class II Type - II.

Which office handles registrations in Ezhil Nagar 1st Street?

The Selaiyur Sub Registrar Office handles registrations for Ezhil Nagar 1st Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

How is stamp duty calculated for properties in Ezhil Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft would incur a stamp duty of Rs 91,000.