Guideline Value for Ezhil Nagar A Block 2nd Street

Ezhil Nagar A Block 2nd Street guideline value

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

How the guideline value of Ezhil Nagar A Block 2nd Street has changed

The guideline value for Ezhil Nagar A Block 2nd Street has seen revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. The next revision took place in 2024, increasing the value to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded guideline values for the years 2023, 2017, 2007, 2003, and 2002 for this street. The current value of Rs 2,200 per sq.ft is the most recent and reflects the latest revision.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Ezhil Nagar A Block 2nd Street's current value is below this median.

• Ezhil Nagar A Block 1st 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 18th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 4th 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 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the 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, totaling 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.

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

Which Sub Registrar Office covers Ezhil Nagar A Block 2nd Street?

The Ezhil Nagar A Block 2nd 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 during the registration of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 2nd Street?

The current guideline value of Ezhil Nagar A Block 2nd 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, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Ezhil Nagar A Block 2nd Street?

Ezhil Nagar A Block 2nd Street is classified as Residential Class II Type - I.

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. The duty is based on the higher of the guideline value or the sale price.

Which office handles the registration for Ezhil Nagar A Block 2nd Street?

The Madhavaram Sub Registrar Office handles registrations for Ezhil Nagar A Block 2nd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.