Guideline Value for Muthamil Nagar IInd Block 43rd Street

Muthamil Nagar IInd Block 43rd Street guideline value

The current guideline value of Muthamil Nagar IInd Block 43rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, with a land classification of Residential Special Type - I.

How the guideline value of Muthamil Nagar IInd Block 43rd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, reaching Rs 3,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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. The median guideline value in the village is Rs 2,700 per sq.ft, and Muthamil Nagar IInd Block 43rd Street's 2024 figure is above this median.

• Muthamil Nagar IInd Block 42nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 44th 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 45th 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 46th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IInd Block 43rd 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar IInd Block 43rd Street?

The Sub Registrar Office that covers Muthamil Nagar IInd Block 43rd 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 an important factor during the registration of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IInd Block 43rd Street?

The current guideline value of Muthamil Nagar IInd Block 43rd 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 Rs 3,300 per sq.ft in 2024.

What is the land classification of Muthamil Nagar IInd Block 43rd Street?

The land classification of Muthamil Nagar IInd Block 43rd Street is Residential Special Type - I.

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

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office do I need to visit for registration in Muthamil Nagar IInd Block 43rd Street?

The Madhavaram Sub Registrar Office at No.7, Roja Nagar, Madhavaram, Chennai-600060 covers Muthamil Nagar IInd Block 43rd Street for registration purposes.