Guideline Value for Muthamil Nagar IIIrd Block 75th Street

Muthamil Nagar IIIrd Block 75th Street guideline value

The current guideline value for Muthamil Nagar IIIrd Block 75th 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 75th Street has changed

The guideline value for Muthamil Nagar IIIrd Block 75th Street has undergone several revisions. In the 2012 revision, the value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figure for this street in the revisions from 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kodungaiyur

Kodungaiyur village 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. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar IIIrd Block 75th Street above the median.

• Muthamil Nagar IIIrd Block 74th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 31st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 73rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 32nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 72nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 33rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IIIrd Block 75th 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. Together, the total cost for these fees would be 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 IIIrd Block 75th Street?

The Muthamil Nagar IIIrd Block 75th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Kodungaiyur. It serves as a reference point for determining the official value of the property for registration purposes, ensuring that the transaction is recorded accurately.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties in the transaction are paying the appropriate fees based on the established value of the property.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IIIrd Block 75th Street?

The current guideline value of Muthamil Nagar IIIrd Block 75th 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. There was no change in the value from 2012 to 2023.

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

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.

What is the land classification for Muthamil Nagar IIIrd Block 75th Street?

The land classification for Muthamil Nagar IIIrd Block 75th Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Muthamil Nagar IIIrd Block 75th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.