Guideline Value

Corporate

Guideline Value for Muthamil Nagar 5th Main Road

₹3300/sq.ft.

The guideline value for Muthamil Nagar 5th Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthamil Nagar 5th Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Muthamil Nagar 5th Main Road guideline value

The current guideline value of Muthamil Nagar 5th Main Road is Rs 3,300 per sq.ft. This road is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Muthamil Nagar 5th Main Road has changed

The guideline value for Muthamil Nagar 5th Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 3,000 per sq.ft. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This reflects the changes in the valuation of properties in the area over the years.

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. The median guideline value in this area is Rs 2,700 per sq.ft, making the 2024 value for Muthamil Nagar 5th Main Road above the median.

Stamp duty and registration fee for property in Muthamil Nagar 5th Main Road

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 a rate of 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. 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 more detailed calculations.

Which Sub Registrar Office covers Muthamil Nagar 5th Main Road?

The Muthamil Nagar 5th Main Road falls under 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 critical factor used during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when transferring property ownership.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the government. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar 5th Main Road?

The current guideline value of Muthamil Nagar 5th Main Road is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. There was no change from the 2012 revision to the 2023 revision, maintaining the value at Rs 3,000 per sq.ft.

What is the land classification for Muthamil Nagar 5th Main Road?

The land classification for Muthamil Nagar 5th Main Road is Residential Special Type - I. This classification indicates the type of development permissible in the area.

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

Stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 33,00,000 would incur a total of Rs 2,97,000 in fees.

Which office handles registrations for Muthamil Nagar 5th Main Road?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar 5th Main Road. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.