Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Soorapattu village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Ezhil Nagar has changed

Looking at the historical revisions, the guideline value for Ezhil Nagar has seen several changes. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following that, the value increased to Rs 1,800 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,900 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

In terms of percentage changes, from 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 6%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, making Ezhil Nagar's 2024 figure of Rs 1,900 per sq.ft above that median.

• D.G. Nagar: Rs 1,900 per sq.ft (2024)
• DEE GEE Nagar Anex: Rs 1,900 per sq.ft (2024)
• Colony Street: Rs 1,200 per sq.ft (2024)
• I.N.T.U.C Nagar: Rs 1,300 per sq.ft (2024)
• Chandra Park-Layout: Rs 1,900 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. It is important to 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?

The Sub Registrar Office that covers Ezhil Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Soorapattu. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a baseline for the transaction. Buyers and sellers must be aware of this value, as it can impact the overall costs associated with the property transfer.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Ezhil Nagar?

Ezhil Nagar is classified as Residential Special Type - II.

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

The Sub Registrar Office for Ezhil Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ezhil Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft results in a total guideline value of Rs 19,00,000.