Guideline Value for Ezhil Nagar

Ezhil Nagar guideline value

The current guideline value of Ezhil Nagar, located in Maathoor village under the Sunguvarchattram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ezhil Nagar has changed

The guideline value for Ezhil Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 70 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a growth of 329%. However, the value then decreased to Rs 201 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 maintained the value at Rs 300 per sq.ft, and the latest revision in 2024 also remains at Rs 300 per sq.ft, indicating no change from the previous year.

In summary, from 2007 to 2024, the overall guideline value has increased by 329%. Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for Ezhil Nagar.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. Ezhil Nagar's current guideline value of Rs 300 per sq.ft is below this median.

• Four Greens: Rs 1,000 per sq.ft (2024)
• Gandhiji Street: Rs 500 per sq.ft (2024)
• Green Acers III: Rs 2,687 per sq.ft (2024)
• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres Layout: Rs 1,000 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar?

The Ezhil Nagar area falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Maathoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value consistent with government regulations.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. This helps in maintaining transparency and fairness in property dealings, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Ezhil Nagar?

The current guideline value of Ezhil Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification for Ezhil Nagar?

The land classification for Ezhil Nagar is Residential Class II Type - I, indicating its suitability for residential purposes.

How is the stamp duty calculated for properties in Ezhil Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.

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

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