Guideline Value

Corporate

Guideline Value for Muthamil Nagar IIIrd Block 72nd Street

₹3300/sq.ft.

The guideline value for Muthamil Nagar Iiird Block 72nd Street 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 Iiird Block 72nd Street

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Muthamil Nagar IIIrd Block 72nd Street guideline value

The current guideline value of Muthamil Nagar IIIrd Block 72nd 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 72nd Street has changed

The guideline value for Muthamil Nagar IIIrd Block 72nd Street has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was still Rs 3,000 per sq.ft, but in the 2024 revision, it increased to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as per the 2024 revision. The median guideline value in this village is Rs 2,700 per sq.ft, placing the 2024 figure for Muthamil Nagar IIIrd Block 72nd Street above this median.

Stamp duty and registration fee for property in Muthamil Nagar IIIrd Block 72nd 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 cost for these fees 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.

For an accurate calculation of your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar IIIrd Block 72nd Street?

The Muthamil Nagar IIIrd Block 72nd 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 in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it impacts the overall costs involved in the registration process. Buyers and sellers should ensure they are informed about the current guideline values to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IIIrd Block 72nd Street?

The current guideline value of Muthamil Nagar IIIrd Block 72nd 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 3,300 per sq.ft in 2024, reflecting a 10% increase overall. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What are the stamp duty and registration fees for property in Muthamil Nagar IIIrd Block 72nd 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.

Which office handles property registration for Muthamil Nagar IIIrd Block 72nd Street?

The Madhavaram Sub Registrar Office handles property registration for Muthamil Nagar IIIrd Block 72nd Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft. The guideline value for Muthamil Nagar IIIrd Block 72nd Street is above this median at Rs 3,300 per sq.ft.