Guideline Value for Muthamil Nagar IIIrd Block 69th Street

Muthamil Nagar IIIrd Block 69th Street guideline value

The current guideline value for Muthamil Nagar IIIrd Block 69th 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 IIIrd Block 69th Street has changed

Over the years, the guideline value for Muthamil Nagar IIIrd Block 69th Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. Prior to 2023, the guideline value remained unchanged at Rs 3,000 per sq.ft since the 2012 revision. The register has no figure for the years 2002, 2003, 2007, and 2017 for this street.

From 2012 to 2024, the overall increase in the guideline value is 10%. This reflects the changes in the real estate landscape in the area, but the value remained stable between 2012 and 2023 before the recent increase.

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, with a median value of Rs 2,700 per sq.ft. Muthamil Nagar IIIrd Block 69th Street's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Muthamil Nagar IIIrd Block 68th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 70th 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 71st 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 72nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IIIrd Block 69th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamil Nagar IIIrd Block 69th Street?

The Madhavaram Sub Registrar Office covers Muthamil Nagar IIIrd Block 69th Street. The office is 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 an essential factor in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the value of the property in the context of local regulations. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IIIrd Block 69th Street?

The current guideline value for Muthamil Nagar IIIrd Block 69th 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 seen a 10% increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It remained unchanged at Rs 3,000 per sq.ft from 2012 to 2023.

What is the land classification for Muthamil Nagar IIIrd Block 69th Street?

The land classification for Muthamil Nagar IIIrd Block 69th 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 stamp duty calculated for properties in Muthamil Nagar IIIrd Block 69th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000.