Guideline Value for Ezhil Nagar A Block 6th Street

Ezhil Nagar A Block 6th Street guideline value

The current guideline value of Ezhil Nagar A Block 6th 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 6th Street has changed

The guideline value for Ezhil Nagar A Block 6th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. In the subsequent 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only revisions that reflect a change in the guideline value are from 2012 to 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a guideline value for 2024, 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, which means that the guideline value of Ezhil Nagar A Block 6th Street is below the median.

• Ezhil Nagar A Block 5th 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 4th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 8th 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 9th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 6th 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, bringing the total cost to Rs 1,98,000. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ezhil Nagar A Block 6th Street?

The Ezhil Nagar A Block 6th 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 an important factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 6th Street?

The current guideline value of Ezhil Nagar A Block 6th 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, representing 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 for Ezhil Nagar A Block 6th Street?

Ezhil Nagar A Block 6th Street is classified as Residential Class II Type - I. This classification affects the guideline value and potential uses of the property.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.

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 property transactions in the area.