Guideline Value for Ezhil Nagar A Block 5th Street

Ezhil Nagar A Block 5th Street guideline value

The current guideline value of Ezhil Nagar A Block 5th 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 5th Street has changed

The guideline value for Ezhil Nagar A Block 5th Street has seen revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a change of +10% from the 2012 figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Ezhil Nagar A Block 5th Street's 2024 figure is below this median.

• Ezhil Nagar A Block 4th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 6th 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 7th 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 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 5th 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, resulting in a total cost of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ezhil Nagar A Block 5th Street?

The Ezhil Nagar A Block 5th 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that all transactions are documented accurately.

When buying or selling property, the guideline value affects the stamp duty and registration fees, which are calculated based on this 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 5th Street?

The current guideline value of Ezhil Nagar A Block 5th 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 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a +10% change. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is higher than the current value for Ezhil Nagar A Block 5th Street.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total cost for these fees would be Rs 1,98,000.

Which office handles registrations for Ezhil Nagar A Block 5th Street?

The Madhavaram Sub Registrar Office handles registrations for Ezhil Nagar A Block 5th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.