Guideline Value for Muthamil Nagar 110th Street

Muthamil Nagar 110th Street guideline value

The current guideline value of Muthamil Nagar 110th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Muthamil Nagar 110th Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise from 2017. The most recent revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Muthamil Nagar 110th Street. Overall, comparing the values from 2012 to 2024, there has been a 9% increase, reflecting the changes in the guideline value over the years.

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. Muthamil Nagar 110th Street's 2024 guideline value is above this median.

• Muthamil Nagar 10th Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 109th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 136th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 108th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 137th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 138th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 110th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total fees would be Rs 3,42,000. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Muthamil Nagar 110th Street?

The Muthamil Nagar 110th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official valuation.

It is essential for buyers and sellers to be informed about the current guideline value, as it impacts the overall costs involved in the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 110th Street?

The current guideline value of Muthamil Nagar 110th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being an increase from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024. The value also increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification for Muthamil Nagar 110th Street?

Muthamil Nagar 110th Street is classified as Commercial Special Type - I, which reflects its usage and potential for commercial activities.

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 stamp duty calculated for properties in Muthamil Nagar 110th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,66,000.