Guideline Value for Muthamil Nagar IInd Block 36th Street

Muthamil Nagar IInd Block 36th Street guideline value

The current guideline value for Muthamil Nagar IInd Block 36th 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 36th Street has changed

Since the 2012 revision, the guideline value for Muthamil Nagar IInd Block 36th Street has seen an increase of 10%. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 3,000 per sq.ft, but in 2024, it increased to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions with recorded figures are from 2012, 2023, and 2024.

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 36th Street's 2024 figure above that median.

• Muthamil Nagar IInd Block 35th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 37th 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 38th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 33rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 39th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IInd Block 36th 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 the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar IInd Block 36th Street?

The Sub Registrar Office that covers Muthamil Nagar IInd Block 36th Street is 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 when registering property transactions in Kodungaiyur. It helps determine the stamp duty and registration fees that buyers must pay, ensuring that the transaction is recorded at a fair value as per the government’s assessment.

When buying or selling property, the guideline value serves as a benchmark for the transaction, and it is essential for both parties to be aware of it to avoid disputes during registration. Accurate knowledge of the guideline value can help facilitate a smoother transaction process.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IInd Block 36th Street?

The current guideline value of Muthamil Nagar IInd Block 36th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase overall. The value remained unchanged at Rs 3,000 per sq.ft from 2012 to 2023.

What is the land classification for Muthamil Nagar IInd Block 36th Street?

The land classification for Muthamil Nagar IInd Block 36th 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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Muthamil Nagar IInd Block 36th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.