Guideline Value for Muthamil Nagar IVth Block 105th Street

Muthamil Nagar IVth Block 105th Street guideline value

The current guideline value of Muthamil Nagar IVth Block 105th 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 IVth Block 105th Street has changed

Over the years, the guideline value of Muthamil Nagar IVth Block 105th Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023 before reaching the current figure of Rs 3,300 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kodungaiyur

Kodungaiyur village 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, making the 2024 figure for Muthamil Nagar IVth Block 105th Street above this median.

• Muthamil Nagar IVth Block 104th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 106th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 103rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 107th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 102nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 81st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 105th 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar IVth Block 105th Street?

The Muthamil Nagar IVth Block 105th Street falls under the jurisdiction of 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the sale price alone.

When buying or selling property, the guideline value helps to maintain transparency and fairness in the transaction process. It is essential for both buyers and sellers to be aware of the current guideline value to accurately assess the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IVth Block 105th Street?

The current guideline value of Muthamil Nagar IVth Block 105th 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 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 for Muthamil Nagar IVth Block 105th Street?

The land classification for Muthamil Nagar IVth Block 105th 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.

How is stamp duty calculated for properties in Muthamil Nagar IVth Block 105th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%, along with a registration fee of Rs 66,000 at 2%.