Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Navaloor village under the Padappai SRO, is Rs 550 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision and further rose to Rs 550 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft. The median value is Rs 550 per sq.ft, which aligns with the guideline value of Ezhil Nagar.

• Green Grove Co-Operative Jeyam Nagar: Rs 770 per sq.ft (2024)
• Brindhavanam Nagar: Rs 770 per sq.ft (2024)
• Bharathi Janalist: Rs 550 per sq.ft (2024)
• Kanchivakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Kanchivakkam to Vellarithangal Road: Rs 440 per sq.ft (2024)
• Kavin Town Ship: Rs 560 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 5,50,000, the stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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?

The Sub Registrar Office that covers Ezhil Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects a fair value based on the established guideline rates.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 550 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Ezhil Nagar?

Ezhil Nagar falls under the Residential Class I Type - I land classification, which indicates its suitability for residential development.

Where can I find the stamp duty and registration fees for Ezhil Nagar?

The stamp duty and registration fees can be calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 49,500.

Which office handles registrations for Ezhil Nagar?

The Padappai Sub Registrar Office handles registrations for Ezhil Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.