Guideline Value for Ezhil Nagar 2nd Cross Street

Ezhil Nagar 2nd Cross Street guideline value

The current guideline value of Ezhil Nagar 2nd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ezhil Nagar 2nd Cross Street has changed

The guideline value for Ezhil Nagar 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. The 2023 revision increased it to Rs 1,200 per sq.ft, followed by the current 2024 revision, which raised it to Rs 1,300 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 is an increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing Ezhil Nagar 2nd Cross Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ezhil Nagar 2nd Cross Street?

The Sub Registrar Office that covers Ezhil Nagar 2nd Cross 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 the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ezhil Nagar 2nd Cross Street?

The current guideline value of Ezhil Nagar 2nd Cross 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 back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, while Ezhil Nagar 2nd Cross Street's value is below this median.

What are the stamp duty and registration fees for properties?

For a property valued at Rs 13,00,000, the stamp duty at 7% amounts to Rs 91,000, and the registration fee at 2% amounts to Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Ezhil Nagar 2nd Cross Street?

The Selaiyur Sub Registrar Office covers Ezhil Nagar 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.