Guideline Value for Ezhil Nagar 2nd Street

Ezhil Nagar 2nd Street guideline value

The current guideline value of Ezhil Nagar 2nd 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 Street has changed

The guideline value for Ezhil Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,300 per sq.ft.

Between the revisions, the changes were as follows: from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. There are no figures available for the revisions in 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. The median value is Rs 2,150 per sq.ft, placing Ezhil Nagar 2nd Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Please 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 details.

Which Sub Registrar Office covers Ezhil Nagar 2nd Street?

The Sub Registrar Office covering Ezhil Nagar 2nd 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 during the registration 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 appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential to consider this value to avoid disputes during the registration process.

Frequently asked questions

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

The current guideline value of Ezhil Nagar 2nd 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 seen several revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Ezhil Nagar 2nd Street?

Ezhil Nagar 2nd Street is classified as Residential Class II Type - II under the current guideline value register.

Where can I find the Sub Registrar Office for Ezhil Nagar 2nd Street?

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

How is stamp duty calculated for properties in Ezhil Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.