Guideline Value for Muthamil Nagar 136th Street

Muthamil Nagar 136th Street guideline value

The current guideline value of Muthamil Nagar 136th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar 136th Street has changed

The guideline value for Muthamil Nagar 136th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a significant increase to Rs 3,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2012 to 2024 shows a 10% increase. It is important to note that 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 for 2024 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 Muthamil Nagar 136th Street's 2024 guideline value above this median.

• Muthamil Nagar 137th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 110th Street: Rs 3,800 per sq.ft (2024)
• Muthamil Nagar 138th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 10th Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 139th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 109th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 136th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar 136th Street?

The Muthamil Nagar 136th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations that arise from the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 136th Street?

The current guideline value of Muthamil Nagar 136th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing various fluctuations over the years.

What are the stamp duty and registration fees for property in Muthamil Nagar 136th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 2,97,000 based on the current guideline value.

Which office handles registrations for Muthamil Nagar 136th Street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar 136th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Muthamil Nagar 136th Street?

The land classification for Muthamil Nagar 136th Street is Residential Special Type - I, indicating its designated use for residential purposes.