Guideline Value for Ezhil nagar 4th street(Ezhil nagar)

Ezhil nagar 4th street(Ezhil nagar) guideline value

The current guideline value of Ezhil nagar 4th street (Ezhil nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ezhil nagar 4th street(Ezhil nagar) has changed

The guideline value for Ezhil nagar 4th street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft from the 2024 revision. The overall change from 2007 to 2024 is an increase of 117%.

Between the revisions, the most notable changes include an increase of 100% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023 and has increased by 8% from 2023 to 2024. It is important to note that there are no figures available for this street in the years 2002 and 2003.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for the village is Rs 1,300 per sq.ft, which is equal to the current value of Ezhil nagar 4th street.

• Ezhil nagar(1st,2nd,3rd street): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 5th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 6th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 7th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil Nagar: Rs 1,300 per sq.ft (2024)
• E.V. Ramaswamy Street (Gayathiri Nagar): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil nagar 4th street(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, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, these fees would total Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil nagar 4th street(Ezhil nagar)?

The Sub Registrar Office that covers Ezhil nagar 4th street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the registration process.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees such as stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ezhil nagar 4th street?

The current guideline value of Ezhil nagar 4th street (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 changed significantly from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam is Rs 1,300 per sq.ft, which is the same as the current value for Ezhil nagar 4th street.

What are the stamp duty and registration fees for property in Ezhil nagar 4th street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Ezhil nagar 4th street?

The Ambattur Sub Registrar Office handles registrations for Ezhil nagar 4th street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.