Guideline Value for Ezhil Nagar B Block 11th Street

Ezhil Nagar B Block 11th Street guideline value

The current guideline value for Ezhil Nagar B Block 11th 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 B Block 11th Street has changed

The guideline value for Ezhil Nagar B Block 11th Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, placing Ezhil Nagar B Block 11th Street's 2024 figure below that median.

• Ezhil Nagar B Block 10th 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 9th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 1st 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 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar B Block 11th 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 to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar B Block 11th Street?

The Ezhil Nagar B Block 11th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value of the property, ensuring that transactions are recorded at a fair price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Ezhil Nagar B Block 11th Street?

The current guideline value for Ezhil Nagar B Block 11th 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over the period.

What is the stamp duty for property in Ezhil Nagar B Block 11th Street?

The stamp duty for property in Ezhil Nagar B Block 11th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

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

What is the median guideline value for streets in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft, while Ezhil Nagar B Block 11th Street's 2024 figure is below this median.