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Guideline Value

Corporate

Guideline Value for Ezhil Nagar A Block 17th Street

₹2200/sq.ft.

The guideline value for Ezhil Nagar A Block 17th Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ezhil Nagar A Block 17th Street

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Ezhil Nagar A Block 17th Street guideline value

The current guideline value of Ezhil Nagar A Block 17th 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 17th Street has changed

The guideline value for Ezhil Nagar A Block 17th Street has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, or 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was then increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a change of +10%.

In summary, the guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This increase aligns with the overall trend of guideline values in the area, although Ezhil Nagar A Block 17th Street's 2024 figure remains below the median guideline value of Rs 2,700 per sq.ft for Kodungaiyur.

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. Ezhil Nagar A Block 17th Street's 2024 guideline value is Rs 2,200 per sq.ft, which is below the median value for the village.

Stamp duty and registration fee for property in Ezhil Nagar A Block 17th 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 amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar A Block 17th Street?

The Ezhil Nagar A Block 17th 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 in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory payments during the transfer of property ownership. This ensures that all transactions are recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 17th Street?

The current guideline value of Ezhil Nagar A Block 17th 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 for this street was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024, which is a change of +10%. The register does not contain figures for the years 2002, 2003, 2007, 2012, or 2017.

What is the land classification for Ezhil Nagar A Block 17th Street?

Ezhil Nagar A Block 17th Street is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details by visiting the relevant link.