Guideline Value for Ezhil nagar 7th street(Ezhil nagar)

Ezhil nagar 7th street(Ezhil nagar) guideline value

The current guideline value of Ezhil nagar 7th 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 7th street(Ezhil nagar) has changed

The guideline value for Ezhil nagar 7th street(Ezhil nagar) has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this value dropped to Rs 804 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 1,200 per sq.ft, followed by the current value of Rs 1,300 per sq.ft from the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, 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 that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is equal to the current value of Ezhil nagar 7th street(Ezhil nagar).

• Ezhil nagar 6th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 5th 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 7th 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 details.

Which Sub Registrar Office covers Ezhil nagar 7th street(Ezhil nagar)?

The Ezhil nagar 7th street(Ezhil nagar) falls under 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 further assistance.

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

The guideline value plays a crucial role 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 transactions are conducted at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price. This means that if the sale price is lower than the guideline value, the buyer will still need to pay fees based on the guideline value.

Frequently asked questions

What is the current guideline value of Ezhil nagar 7th street(Ezhil nagar)?

The current guideline value of Ezhil nagar 7th 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, reflecting an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in Ezhil nagar 7th 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 Sub Registrar Office is responsible for Ezhil nagar 7th street(Ezhil nagar)?

The Ambattur Sub Registrar Office is responsible for Ezhil nagar 7th 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 7th street(Ezhil nagar)?

Ezhil nagar 7th street(Ezhil nagar) is classified as Residential Class I Type - I.