Guideline Value for Muthamil Nagar 140th Street

Muthamil Nagar 140th Street guideline value

The current guideline value of Muthamil Nagar 140th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar 140th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 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, placing Muthamil Nagar 140th Street's 2024 value above this median.

• Muthamil Nagar 139th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 169th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 138th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 170th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 137th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 188th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 140th 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar 140th Street?

The Muthamil Nagar 140th 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 an essential factor in the registration process when buying or selling property in Kodungaiyur. It serves as a baseline for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 140th Street?

The current guideline value of Muthamil Nagar 140th 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 increased from Rs 3,000 per sq.ft in 2012 and 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. Muthamil Nagar 140th Street's value is above the median of Rs 2,700 per sq.ft.

What fees are associated with buying property in Muthamil Nagar 140th Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Muthamil Nagar 140th Street?

The Madhavaram Sub Registrar Office covers Muthamil Nagar 140th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.