Guideline Value for Muthamil Nagar IVth Block 101st Street

Muthamil Nagar IVth Block 101st Street guideline value

The current guideline value for Muthamil Nagar IVth Block 101st 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 its land classification is Residential Special Type - I.

How the guideline value of Muthamil Nagar IVth Block 101st Street has changed

Looking at the revisions, the guideline value for Muthamil Nagar IVth Block 101st Street has seen several changes over the years. The 2012 revision listed the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and currently stands at Rs 3,300 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Specifically, from the 2017 to 2023 revision, there was a notable increase of 49%. Overall, when considering the period 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

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. The guideline value for Muthamil Nagar IVth Block 101st Street is above this median.

• Muthamil Nagar IVth Block 100th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 102nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Industrial Nagar: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 103rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IInd Block 50th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 104th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 101st 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 cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Muthamil Nagar IVth Block 101st Street?

The Muthamil Nagar IVth Block 101st Street is covered by 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 plays a crucial role during property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IVth Block 101st Street?

The current guideline value of Muthamil Nagar IVth Block 101st 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 is now Rs 3,300 per sq.ft in 2024.

What is the land classification for Muthamil Nagar IVth Block 101st Street?

The land classification for Muthamil Nagar IVth Block 101st Street is Residential Special Type - I.

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 IVth Block 101st Street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar IVth Block 101st Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.