Guideline Value for Muthamil Nagar 169th Street

Muthamil Nagar 169th Street guideline value

The current guideline value of Muthamil Nagar 169th 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 169th Street has changed

Over the years, the guideline value of Muthamil Nagar 169th Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, in 2012, the guideline value was also Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

From 2012 to 2024, the overall change in the guideline value is +10%. This consistent increase reflects the adjustments made in the most recent years, particularly the jump from 2023 to 2024.

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 guideline value for these streets is Rs 2,700 per sq.ft, positioning Muthamil Nagar 169th Street above this median.

• Muthamil Nagar 140th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 170th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 139th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 188th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 138th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 189th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 169th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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, bringing the total 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.

You can use the stamp duty and registration fee calculator for precise calculations based on your specific property details.

Which Sub Registrar Office covers Muthamil Nagar 169th Street?

The Sub Registrar Office that covers Muthamil Nagar 169th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

When buying or selling property in Kodungaiyur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial for both buyers and sellers, as it impacts the overall cost of the transaction.

At the time of registration, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and based on the officially recognized values.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 169th Street?

The current guideline value of Muthamil Nagar 169th 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. There has been no change from 2012 to 2023, and the register has no figures for the years 2002, 2003, 2007, and 2017.

What is the land classification for Muthamil Nagar 169th Street?

Muthamil Nagar 169th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Muthamil Nagar 169th Street?

The Sub Registrar Office for Muthamil Nagar 169th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.