Guideline Value for Muthamil Nagar IInd Block 33rd Street

Muthamil Nagar IInd Block 33rd Street guideline value

The current guideline value of Muthamil Nagar IInd Block 33rd 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 IInd Block 33rd Street has changed

The guideline value for Muthamil Nagar IInd Block 33rd Street has seen several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is also +10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

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 in 2024. The median guideline value in this area is Rs 2,700 per sq.ft, making the current value of Muthamil Nagar IInd Block 33rd Street above the median.

• Muthamil Nagar IInd Block 32nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 34th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 31st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 35th 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 36th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IInd Block 33rd 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, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar IInd Block 33rd Street?

The Muthamil Nagar IInd Block 33rd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should 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 IInd Block 33rd Street?

The current guideline value of Muthamil Nagar IInd Block 33rd 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, reflecting a 10% increase. There were no changes recorded for the years 2017, 2007, 2003, and 2002.

What is the land classification for Muthamil Nagar IInd Block 33rd Street?

The land classification for Muthamil Nagar IInd Block 33rd Street is Residential Special Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Muthamil Nagar IInd Block 33rd Street?

The Madhavaram Sub Registrar Office handles the registration for Muthamil Nagar IInd Block 33rd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.