Guideline Value for Muthamil Nagar IInd Block 32nd Street

Muthamil Nagar IInd Block 32nd Street guideline value

The current guideline value for Muthamil Nagar IInd Block 32nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar IInd Block 32nd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision saw an increase to Rs 3,300 per sq.ft, marking a 10% rise from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 change specifically reflects a 10% increase. The absence of figures for certain years indicates that the value was not revised during those periods.

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. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar IInd Block 32nd Street above this median.

• Muthamil Nagar IInd Block 31st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 33rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 75th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 34th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IIIrd Block 74th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 35th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IInd Block 32nd 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, totaling 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 details.

Which Sub Registrar Office covers Muthamil Nagar IInd Block 32nd Street?

The Muthamil Nagar IInd Block 32nd Street 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 crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of these values to facilitate smooth transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IInd Block 32nd Street?

The current guideline value of Muthamil Nagar IInd Block 32nd 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase overall. 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.

Which office handles registrations for Muthamil Nagar IInd Block 32nd Street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar IInd Block 32nd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Muthamil Nagar IInd Block 32nd Street?

The land classification for Muthamil Nagar IInd Block 32nd Street is Residential Special Type - I, indicating its suitability for residential purposes.