Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value of Ezhil Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 25 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it dropped to Rs 134 per sq.ft in the 2017 revision before stabilizing at Rs 200 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figure for this street in the years 2002 and 2003.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The drastic increase from 2007 to 2012 was 700%, but this was followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Ezhil Nagar's 2024 guideline value below this median.

• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Dhanapriya Nagar: Rs 226 per sq.ft (2024)
• Golden Avenue: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Jayam Nagar: Rs 350 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ezhil Nagar?

The Ezhil Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koozhangacheri. It determines the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is registered, 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.

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 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and has remained at Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft for the year 2024, with Ezhil Nagar's value being below this median.

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

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

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

The Sub Registrar Office covering Ezhil Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.