Guideline Value for Ezhil Nagar A Block 9th Street

Ezhil Nagar A Block 9th Street guideline value

The current guideline value for Ezhil Nagar A Block 9th 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 9th Street has changed

The guideline value for Ezhil Nagar A Block 9th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the current 2024 revision shows a 10% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur village has a range of guideline values for its 1,318 streets under the Madhavaram SRO, with values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which means that the current guideline value for Ezhil Nagar A Block 9th Street is below this median.

• Ezhil Nagar A Block 8th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 10th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 7th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 11th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar A Block 6th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 12th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar A Block 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is 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 cost to Rs 1,98,000. The duty is charged on the higher of the guideline value or 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 9th Street?

The Sub Registrar Office that covers Ezhil Nagar A Block 9th Street is 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 a property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during a sale or purchase transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with the local regulations. The registration office uses this value to calculate the necessary fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Ezhil Nagar A Block 9th Street?

The current guideline value of Ezhil Nagar A Block 9th 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 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Ezhil Nagar A Block 9th Street?

Ezhil Nagar A Block 9th Street is classified as Residential Class II Type - I.

Where is the Madhavaram Sub Registrar Office located?

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

How is the stamp duty calculated for properties in this area?

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