Guideline Value for Ezhil nagar 6th street(Ezhil nagar)

Ezhil nagar 6th street(Ezhil nagar) guideline value

The current guideline value of Ezhil nagar 6th 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 6th street(Ezhil nagar) has changed

The guideline value for Ezhil nagar 6th street(Ezhil nagar) 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 as of the 2024 revision.

Between the revisions, the changes are notable. From 2007 to 2012, there was a 100% increase, followed by a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, which is the same as the guideline value for Ezhil nagar 6th street(Ezhil nagar).

• Ezhil nagar 5th 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 4th 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: 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 6th street(Ezhil nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ezhil nagar 6th street(Ezhil nagar)?

The Sub Registrar Office that covers Ezhil nagar 6th 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 details.

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

The guideline value plays a crucial role when buying or selling property in Ayappakkam. It is used to determine the stamp duty and registration fees that are payable at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from property transactions. This helps maintain transparency in the real estate market and ensures that all transactions are recorded at a fair value.

Frequently asked questions

What is the current guideline value of Ezhil nagar 6th street(Ezhil nagar)?

The current guideline value of Ezhil nagar 6th 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, showing an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in Ezhil nagar 6th street(Ezhil nagar)?

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 6th street(Ezhil nagar)?

The Ambattur Sub Registrar Office handles registrations for Ezhil nagar 6th 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 for Ezhil nagar 6th street(Ezhil nagar)?

The land classification for Ezhil nagar 6th street(Ezhil nagar) is Residential Class I Type - I.