Guideline Value for Ezhil Nagar Main Road

Ezhil Nagar Main Road guideline value

The current guideline value of Ezhil Nagar Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ezhil Nagar Main Road has changed

Looking at the revisions, the guideline value for Ezhil Nagar Main Road has seen various changes 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent 2024 revision has further increased the value to Rs 1,300 per sq.ft, marking an 8% rise 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 increased by 8%.

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 guideline value for these streets is Rs 2,150 per sq.ft, indicating that Ezhil Nagar Main Road's current value is below this median.

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

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, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ezhil Nagar Main Road?

The Sub Registrar Office that covers Ezhil Nagar Main Road 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 when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ezhil Nagar Main Road?

The current guideline value of Ezhil Nagar Main Road 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 finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Ezhil Nagar Main Road?

The land classification for Ezhil Nagar Main Road is Residential Class II Type - II.

What are the registration fees for property transactions?

The registration fees for property transactions are calculated based on the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.