Guideline Value for Ezhil Nagar A Block 7th Street

Ezhil Nagar A Block 7th Street guideline value

The current guideline value for Ezhil Nagar A Block 7th 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 7th Street has changed

Over the years, the guideline value for Ezhil Nagar A Block 7th Street has undergone several revisions. The earliest available figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This value decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a change of -33%. However, from 2017 to 2024, the value increased significantly by 64%, reaching the current guideline value of Rs 2,200 per sq.ft.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 10% in the guideline value.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values in 2024 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 7th Street's current value is below the median.

• Ezhil Nagar A Block 6th 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 5th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 9th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 4th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 10th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 7th Street

For a 1,000 sq.ft plot at the current rate 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, bringing the total to Rs 1,98,000. Note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ezhil Nagar A Block 7th Street?

The Ezhil Nagar A Block 7th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property in Kodungaiyur. It serves as the benchmark for determining the stamp duty and registration fees applicable during the transaction.

When selling or buying property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for Ezhil Nagar A Block 7th Street?

The current guideline value for Ezhil Nagar A Block 7th 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 Ezhil Nagar A Block 7th Street has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024.

What is the land classification for Ezhil Nagar A Block 7th Street?

Ezhil Nagar A Block 7th Street is classified as Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Ezhil Nagar A Block 7th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.