Guideline Value for Ezhil Nagar B Block 6th Street

Ezhil Nagar B Block 6th Street guideline value

The current guideline value of Ezhil Nagar B Block 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Ezhil Nagar B Block 6th Street has changed

The guideline value for Ezhil Nagar B Block 6th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the most recent 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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. Ezhil Nagar B Block 6th Street's 2024 guideline value is below this median.

• Ezhil Nagar B Block 5th 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 4th 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 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 6th 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. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ezhil Nagar B Block 6th Street?

The Ezhil Nagar B Block 6th 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 critical factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Ezhil Nagar B Block 6th Street?

The current guideline value of Ezhil Nagar B Block 6th 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 remained at Rs 2,000 per sq.ft from 2012 to 2023, and it increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

What is the land classification of Ezhil Nagar B Block 6th Street?

Ezhil Nagar B Block 6th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable in Ezhil Nagar B Block 6th Street?

The stamp duty for property transactions in Ezhil Nagar B Block 6th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ezhil Nagar B Block 6th Street?

The Madhavaram Sub Registrar Office covers Ezhil Nagar B Block 6th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.