Guideline Value for Ezhil Nagar A Block 15th Street

Ezhil Nagar A Block 15th Street guideline value

The current guideline value of Ezhil Nagar A Block 15th 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 15th Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, making the value for Ezhil Nagar A Block 15th Street below that median.

• 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 16th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 17th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 18th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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, making the total fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ezhil Nagar A Block 15th Street?

The Ezhil Nagar A Block 15th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 15th Street?

The current guideline value of Ezhil Nagar A Block 15th 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Ezhil Nagar A Block 15th Street?

Ezhil Nagar A Block 15th Street is classified as Residential Class II Type - I. This classification is important for understanding the type of development permissible in the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Ezhil Nagar A Block 15th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.