Guideline Value for Ezhil nagar(1st,2nd,3rd street)

Ezhil nagar(1st,2nd,3rd street) guideline value

The current guideline value of Ezhil nagar(1st,2nd,3rd street) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Ezhil nagar(1st,2nd,3rd street) has changed

The guideline value for Ezhil nagar(1st,2nd,3rd street) 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 figure dropped to Rs 804 per sq.ft in 2017, before rising to Rs 1,200 per sq.ft again in 2023. The most recent revision in 2024 has established the guideline value at Rs 1,300 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 represents an 8% increase. Overall, from 2007 to 2024, the guideline value has risen 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 guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which matches the current value for Ezhil nagar(1st,2nd,3rd street).

• Ezhil nagar 4th 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 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(1st,2nd,3rd street)

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, making the total cost for these fees Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ezhil nagar(1st,2nd,3rd street)?

The Sub Registrar Office that covers Ezhil nagar(1st,2nd,3rd 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 a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ayappakkam, the guideline value is used to calculate stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

It is important for buyers and sellers to be aware of the guideline value as it can influence negotiations and the overall transaction process. Understanding the guideline value helps ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Ezhil nagar(1st,2nd,3rd street)?

The current guideline value of Ezhil nagar(1st,2nd,3rd street) 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(1st,2nd,3rd street)?

The stamp duty for properties in Ezhil nagar(1st,2nd,3rd street) is 7%, and the registration fee is 2%. For a property valued at Rs 13,00,000, the total fees would be Rs 1,17,000.

Which Sub Registrar Office is responsible for Ezhil nagar(1st,2nd,3rd street)?

The Ambattur Sub Registrar Office is responsible for Ezhil nagar(1st,2nd,3rd street), 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(1st,2nd,3rd street)?

Ezhil nagar(1st,2nd,3rd street) is classified as Residential Class I Type - I.