Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Eraiyur village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has seen several revisions over the years. In 2007, the value was set at Rs 70 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, this value dropped to Rs 167 per sq.ft in 2017 before remaining stable at Rs 250 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figure for the years 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, and from 2017 to 2023, the value increased by 50%. The overall change from 2007 to 2024 reflects a substantial increase of 257% in the guideline value.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO with 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, placing Ezhil Nagar's 2024 guideline value above this median.

• Ezhil Nagar Extn: Rs 200 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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 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 is a crucial factor when registering property transactions in Eraiyur. It helps determine the stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable to consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 70 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then dropping to Rs 167 per sq.ft in 2017, and remaining at Rs 250 per sq.ft in 2023 and 2024.

What is the classification of land in Ezhil Nagar?

The land classification for Ezhil Nagar is Residential Special Type - II, which indicates its designated use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Ezhil Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ezhil Nagar located?

The Sub Registrar Office for Ezhil Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.