Guideline Value for Ezhil Nagar B Block 10th Street

Ezhil Nagar B Block 10th Street guideline value

The current guideline value of Ezhil Nagar B Block 10th 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Ezhil Nagar B Block 10th Street has changed

The guideline value for Ezhil Nagar B Block 10th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has increased by 64%. This demonstrates a significant rise in the guideline value over the years, reflecting changes in the property landscape.

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Ezhil Nagar B Block 10th Street is below this median.

• Ezhil Nagar A Block 9th 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 8th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 12th 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 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar B Block 10th 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, while the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Ezhil Nagar B Block 10th Street?

The Ezhil Nagar B Block 10th 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 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 during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ezhil Nagar B Block 10th Street?

The current guideline value of Ezhil Nagar B Block 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

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.

Which office handles the registration for Ezhil Nagar B Block 10th Street?

The Madhavaram Sub Registrar Office handles the registration for Ezhil Nagar B Block 10th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Ezhil Nagar B Block 10th Street?

The land classification for Ezhil Nagar B Block 10th Street is Residential Class II Type - I.