Guideline Value for Ezhil Nagar B Block 1st Street

Ezhil Nagar B Block 1st Street guideline value

The current guideline value of Ezhil Nagar B Block 1st 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 1st Street has changed

The guideline value for Ezhil Nagar B Block 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. The value increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, which means that Ezhil Nagar B Block 1st Street's current value is below the median.

• Ezhil Nagar B Block 12th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 2nd Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 11th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 3rd Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 10th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar B Block 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ezhil Nagar B Block 1st Street?

The Ezhil Nagar B Block 1st 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 is an important factor when buying or selling property in Kodungaiyur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees during the transaction process.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to or greater than the guideline value. This ensures that the appropriate taxes and fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ezhil Nagar B Block 1st Street?

The current guideline value of Ezhil Nagar B Block 1st 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 increased 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 of Ezhil Nagar B Block 1st Street?

Ezhil Nagar B Block 1st 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 the stamp duty calculated for properties in Ezhil Nagar B Block 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.