Guideline Value for Muthamil Nagar 30th Street

Muthamil Nagar 30th Street guideline value

The current guideline value of Muthamil Nagar 30th 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 30th Street has changed

The guideline value for Muthamil Nagar 30th Street has experienced several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2024 revision saw a significant increase, bringing the value back up to Rs 3,300 per sq.ft.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2024, the value increased by 64%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Muthamil Nagar 30th Street's 2024 guideline value is above this median.

• Muthamil Nagar 3rd Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 29th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 5th Main Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar 28th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar 30th 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 costs together to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar 30th Street?

The Sub Registrar Office that covers Muthamil Nagar 30th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional assistance.

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

When buying or selling property in Kodungaiyur, the guideline value is a crucial factor in determining the applicable stamp duty and registration fees. It serves as a benchmark for property transactions and is used by the registration office to assess the value of the property being registered.

Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions. It is essential to refer to the latest guideline values to ensure accurate calculations for stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 30th Street?

The current guideline value of Muthamil Nagar 30th 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. This reflects a 10% overall increase from 2012 to 2024.

What are the stamp duty and registration fees for property in Muthamil Nagar 30th Street?

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 based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

What is the land classification of Muthamil Nagar 30th Street?

Muthamil Nagar 30th Street is classified as Residential Special Type - I, which indicates its designation for residential purposes under the local regulations.