Guideline Value for Muthamil Nagar 1st Block 4th Street

Muthamil Nagar 1st Block 4th Street guideline value

The current guideline value of Muthamil Nagar 1st Block 4th 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 1st Block 4th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged through the 2023 revision. 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 for Muthamil Nagar 1st Block 4th Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar 1st Block 4th Street above this median.

• Muthamil Nagar 1st Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 5th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 2nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 6th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 27th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 1st Block 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar 1st Block 4th Street?

The Sub Registrar Office that covers Muthamil Nagar 1st Block 4th Street is 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. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring transparency in the sale process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for completing the transaction legally. Buyers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 1st Block 4th Street?

The current guideline value of Muthamil Nagar 1st Block 4th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase over this period.

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.

Which office handles property registrations in Muthamil Nagar?

The Madhavaram Sub Registrar Office handles property registrations for Muthamil Nagar 1st Block 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Muthamil Nagar 1st Block 4th Street?

The land classification for Muthamil Nagar 1st Block 4th Street is Residential Special Type - I, indicating its designated use for residential purposes.