Guideline Value for Muthamil Nagar IInd Block 39th Street

Muthamil Nagar IInd Block 39th Street guideline value

The current guideline value for Muthamil Nagar IInd Block 39th 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 39th Street has changed

The guideline value for Muthamil Nagar IInd Block 39th Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for this street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur village has a range of guideline values, with 1318 streets under the Madhavaram SRO carrying a 2024 figure 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 39th Street above this median.

• Muthamil Nagar IInd Block 38th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 40th 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 41st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 36th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 42nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IInd Block 39th 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. Together, the total cost for stamp duty and registration 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.

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

Which Sub Registrar Office covers Muthamil Nagar IInd Block 39th Street?

The Muthamil Nagar IInd Block 39th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IInd Block 39th Street?

The current guideline value of Muthamil Nagar IInd Block 39th 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 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Muthamil Nagar IInd Block 39th Street?

The land classification for Muthamil Nagar IInd Block 39th Street is Residential Special Type - I.

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

For a property valued at 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.

Which office handles the registration for Muthamil Nagar IInd Block 39th Street?

The Madhavaram Sub Registrar Office handles the registration for Muthamil Nagar IInd Block 39th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.