Guideline Value for Ezhil Nagar Extn

Ezhil Nagar Extn guideline value

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

How the guideline value of Ezhil Nagar Extn has changed

Over the years, the guideline value for Ezhil Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 134 per sq.ft, marking a significant increase of 49% to Rs 200 per sq.ft in 2023. The 2024 revision has maintained this value at Rs 200 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which aligns with the guideline value for Ezhil Nagar Extn.

• Ezhil Nagar: Rs 250 per sq.ft (2024)
• Dream Home: Rs 350 per sq.ft (2024)
• Devi Karumari Nagar: Rs 100 per sq.ft (2024)
• Green Hoilday Resorts: Rs 300 per sq.ft (2024)
• Inbambigai Nagar: Rs 200 per sq.ft (2024)
• Isvariyam Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar Extn

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar Extn?

The Sub Registrar Office covering Ezhil Nagar Extn is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Eraiyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When a property is bought or sold, the guideline value is referenced to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction, making the process transparent and straightforward.

Frequently asked questions

What is the current guideline value of Ezhil Nagar Extn?

The current guideline value of Ezhil Nagar Extn is Rs 200 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 being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What are the guideline values of other streets in Eraiyur?

Other streets in Eraiyur have varying guideline values, with Ezhil Nagar at Rs 250 per sq.ft, Dream Home at Rs 350 per sq.ft, and Devi Karumari Nagar at Rs 100 per sq.ft for 2024.

What is the stamp duty for a property in Ezhil Nagar Extn?

The stamp duty for a property in Ezhil Nagar Extn is 7% of the guideline value. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 14,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Ezhil Nagar Extn?

The Sub Registrar Office for Ezhil Nagar Extn is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the provided link.