Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

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

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has seen 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 value increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 8%. The increase from 2017 to 2023 was significant at 49%, reflecting a notable adjustment in the guideline value during that period.

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, with a median value of Rs 2,150 per sq.ft. Ezhil Nagar's current guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost 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. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar?

The Sub Registrar Office that covers Ezhil Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 plays a crucial role 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.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar 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: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, with Ezhil Nagar's value being below this median.

What are the stamp duty rates for properties in Ezhil Nagar?

The stamp duty for properties in Ezhil Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

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