Guideline Value for Ezhil nagar 5th street(Ezhil nagar)

Ezhil nagar 5th street(Ezhil nagar) guideline value

The current guideline value for Ezhil nagar 5th street(Ezhil nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ezhil nagar 5th street(Ezhil nagar) has changed

The guideline value for Ezhil nagar 5th street(Ezhil nagar) has seen several revisions over the years. Starting from the 2007 revision, the 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 subsequent revision in 2023 saw a significant increase to Rs 1,200 per sq.ft, followed by the current value of Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year. The register has no figure for this street in 2002 and 2003.

In summary, the changes between the revisions are as follows: from 2007 to 2012, there was a 100% increase; from 2012 to 2017, it decreased by 33%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, it increased by 8%. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median of Rs 1,300 per sq.ft. Ezhil nagar 5th street(Ezhil nagar) is currently at the median value of Rs 1,300 per sq.ft.

• Ezhil nagar 4th 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(1st,2nd,3rd street): 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 5th 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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ezhil nagar 5th street(Ezhil nagar)?

The Sub Registrar Office that covers Ezhil nagar 5th street(Ezhil nagar) is the Ambattur Sub Registrar Office. The address is 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 a crucial factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Ezhil nagar 5th street(Ezhil nagar)?

The current guideline value of Ezhil nagar 5th 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 from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, which represents an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in Ezhil nagar 5th street(Ezhil nagar)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would be Rs 1,17,000.

Which Sub Registrar Office covers Ezhil nagar 5th street(Ezhil nagar)?

The Ambattur Sub Registrar Office covers Ezhil nagar 5th street(Ezhil nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Ezhil nagar 5th street(Ezhil nagar)?

Ezhil nagar 5th street(Ezhil nagar) is classified as Residential Class I Type - I, indicating its suitability for residential development.