Guideline Value for Muthamil Nagar 1st Block 6th Street

Muthamil Nagar 1st Block 6th Street guideline value

The current guideline value of Muthamil Nagar 1st Block 6th 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 1st Block 6th Street has changed

The guideline value for Muthamil Nagar 1st Block 6th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +64% from 2017 to 2024. Overall, from 2012 to 2024, the guideline value increased by +10%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. The changes between the revisions highlight the fluctuations in property values over time.

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 in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar 1st Block 6th Street's value above the median.

• Muthamil Nagar 1st Block 5th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 7th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 4th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 8th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 1st Block 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 1st Block 6th 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, while the registration fee at 2% would be Rs 66,000, leading to a total of 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar 1st Block 6th Street?

The Muthamil Nagar 1st Block 6th Street falls under the jurisdiction of 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transfer process. This helps in maintaining a standardized approach to property valuation within the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 1st Block 6th Street?

The current guideline value of Muthamil Nagar 1st Block 6th 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 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. Overall, from 2012 to 2024, the increase is +10%.

What is the land classification for Muthamil Nagar 1st Block 6th Street?

Muthamil Nagar 1st Block 6th Street is classified as Residential Special Type - I.

Where can I find information about stamp duty and registration fees?

You can find information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for properties in this area?

The Madhavaram Sub Registrar Office handles the registration for properties in Muthamil Nagar 1st Block 6th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.