Guideline Value for Muthamil Nagar IVth Block 93rd Street

Muthamil Nagar IVth Block 93rd Street guideline value

The current guideline value of Muthamil Nagar IVth Block 93rd 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 93rd Street has changed

The guideline value for Muthamil Nagar IVth Block 93rd Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 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 as per the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, placing the 2024 figure for Muthamil Nagar IVth Block 93rd Street above that median.

• Muthamil Nagar IVth Block 92nd 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 91st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 95th 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 96th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 93rd 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, leading to a total cost of 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 93rd Street?

The Muthamil Nagar IVth Block 93rd 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair rate, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to facilitate smooth transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IVth Block 93rd Street?

The current guideline value of Muthamil Nagar IVth Block 93rd 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 increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have a guideline value of Rs 3,300 per sq.ft in 2024, including Muthamil Nagar IVth Block 92nd, 94th, 91st, 95th, 90th, and 96th Streets.

What is the registration office for Muthamil Nagar IVth Block 93rd Street?

The registration office for Muthamil Nagar IVth Block 93rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.