Guideline Value for Ezhil Nagar A Block 1st Street

Ezhil Nagar A Block 1st Street guideline value

The current guideline value for Ezhil Nagar A Block 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ezhil Nagar A Block 1st Street has changed

The guideline value for Ezhil Nagar A Block 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 2,000 per sq.ft from the 2012 revision to the 2023 revision.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Ezhil Nagar A Block 1st Street is below this median.

• Ezhil Nagar A Block 18th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 2nd 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 3rd 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 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 1st 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, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ezhil Nagar A Block 1st Street?

The Ezhil Nagar A Block 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office will use the guideline value to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Ezhil Nagar A Block 1st Street?

The current guideline value for Ezhil Nagar A Block 1st 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017 for this street.

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ezhil Nagar A Block 1st Street?

The Madhavaram Sub Registrar Office handles the registration for Ezhil Nagar A Block 1st Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Ezhil Nagar A Block 1st Street?

The land classification for Ezhil Nagar A Block 1st Street is Residential Class II Type - I, indicating its suitability for residential purposes.