Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Valarpuram village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has undergone several revisions over the years. In 2007, the value was Rs 30 per sq.ft, which saw a significant increase to Rs 200 per sq.ft in 2012. However, this value decreased to Rs 134 per sq.ft in 2017. From 2017 to 2023, the value rose sharply by 49%, reaching Rs 200 per sq.ft in 2023, and has remained at this level through the 2024 revision.

It is noteworthy that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making the guideline value of Ezhil Nagar below the median.

• Eswari Nagar Extension: Rs 400 per sq.ft (2024)
• Eswari Nagar: Rs 400 per sq.ft (2024)
• Gnanammal Nagar: Rs 300 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)
• Golden Acres @ Shriram One City: Rs 1,800 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would then be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our 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 Valarpuram

The guideline value is an essential factor during the registration of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you register a property, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, before rising to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft, with Ezhil Nagar's value being below this median.

What are the stamp duty and registration fees for Ezhil Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

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.