Guideline Value for Muthamil Nagar IIIrd Block 65th Street

Muthamil Nagar IIIrd Block 65th Street guideline value

The current guideline value for Muthamil Nagar IIIrd Block 65th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Muthamil Nagar IIIrd Block 65th Street has changed

Looking at the historical revisions, the guideline value for Muthamil Nagar IIIrd Block 65th Street has seen several changes 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this 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 that have 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, placing Muthamil Nagar IIIrd Block 65th Street's 2024 figure above that median.

• Muthamil Nagar IIIrd Block 64th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 66th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 63rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 67th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 62nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 68th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IIIrd Block 65th 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 fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Muthamil Nagar IIIrd Block 65th Street?

The Muthamil Nagar IIIrd Block 65th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as the base value for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps to establish a fair and transparent pricing mechanism. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IIIrd Block 65th Street?

The current guideline value for Muthamil Nagar IIIrd Block 65th 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 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Muthamil Nagar IIIrd Block 65th Street?

The land classification for Muthamil Nagar IIIrd Block 65th Street is Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.