Guideline Value for Muthamil Nagar 190th Street

Muthamil Nagar 190th Street guideline value

The current guideline value of Muthamil Nagar 190th 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 190th 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, where it was still 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.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for Muthamil Nagar 190th Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. Muthamil Nagar 190th Street's 2024 guideline value is above this median.

• Muthamil Nagar 189th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 191th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 188th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 192th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 170th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 193th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 190th 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 to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar 190th Street?

The Muthamil Nagar 190th Street is covered by 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. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the sale price must be at least equal to the guideline value to ensure compliance with the registration requirements. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 190th Street?

The current guideline value of Muthamil Nagar 190th 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 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023.

What is the land classification of Muthamil Nagar 190th Street?

Muthamil Nagar 190th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property 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. This is calculated based on the guideline value.

Which office handles property registrations for Muthamil Nagar 190th Street?

The Madhavaram Sub Registrar Office handles property registrations for Muthamil Nagar 190th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.