Guideline Value for Ezhil Nagar B Block 5th Street

Ezhil Nagar B Block 5th Street guideline value

The current guideline value of Ezhil Nagar B Block 5th 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 5th Street has changed

Looking back at the revisions, the guideline value for Ezhil Nagar B Block 5th Street was Rs 2,000 per sq.ft in the 2012 revision, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 2,000 per sq.ft, and then increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Ezhil Nagar B Block 5th Street's 2024 figure below that median.

• Ezhil Nagar B Block 4th Street: Rs 2,200 per sq.ft (2024)
• Ezhil Nagar B Block 6th 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 7th 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 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ezhil Nagar B Block 5th 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, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ezhil Nagar B Block 5th Street?

The Ezhil Nagar B Block 5th 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 a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that all transactions adhere to the established regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Ezhil Nagar B Block 5th Street?

The current guideline value of Ezhil Nagar B Block 5th 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 2,200 per sq.ft in 2024, reflecting a 10% increase overall from 2012 to 2024.

What is the land classification for Ezhil Nagar B Block 5th Street?

Ezhil Nagar B Block 5th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Ezhil Nagar B Block 5th Street?

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