Guideline Value for Ezhil Nagar A Block 11th Street

Ezhil Nagar A Block 11th Street guideline value

The current guideline value of Ezhil Nagar A Block 11th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Ezhil Nagar A Block 11th Street has changed

Looking at the revisions, the guideline value for Ezhil Nagar A Block 11th Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has raised this value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with guideline values for 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 2,700 per sq.ft, placing Ezhil Nagar A Block 11th Street's 2024 figure below this median.

• Ezhil Nagar A Block 10th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 12th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 13th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 14th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 15th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 16th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ezhil Nagar A Block 11th Street?

The Ezhil Nagar A Block 11th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kodungaiyur, determining the stamp duty and registration fees payable. It serves as a reference point for the value of the property being bought or sold, ensuring that the transaction is recorded accurately in the official register.

When you register a property, the guideline value helps in calculating the taxes and fees that need to be paid to the government. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 11th Street?

The current guideline value of Ezhil Nagar A Block 11th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Ezhil Nagar A Block 11th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Ezhil Nagar A Block 11th Street.

What is the land classification for Ezhil Nagar A Block 11th Street?

Ezhil Nagar A Block 11th Street is classified as Residential Class II Type - I.