Guideline Value for Muthamil Nagar IVth Block 92nd Street

Muthamil Nagar IVth Block 92nd Street guideline value

The current guideline value for Muthamil Nagar IVth Block 92nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar IVth Block 92nd 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%. However, the value saw a significant increase to Rs 3,000 per sq.ft in the 2023 revision, followed by another increase to Rs 3,300 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a net increase of 10% in the guideline value for Muthamil Nagar IVth Block 92nd Street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO carrying a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Muthamil Nagar IVth Block 92nd Street is above this median.

• Muthamil Nagar IVth Block 91st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 93rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 90th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 94th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 89th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 95th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 92nd 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar IVth Block 92nd Street?

The Muthamil Nagar IVth Block 92nd 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 is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded accurately in the government records, reflecting the property's worth as per the latest guidelines.

Frequently asked questions

What is the current guideline value for Muthamil Nagar IVth Block 92nd Street?

The current guideline value for Muthamil Nagar IVth Block 92nd 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 back to Rs 3,000 per sq.ft in 2023, and currently to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Muthamil Nagar IVth Block 92nd Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties here?

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.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office, which covers Muthamil Nagar IVth Block 92nd Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.