Guideline Value for Muthamil Nagar IVth Block 95th Street

Muthamil Nagar IVth Block 95th Street guideline value

The current guideline value of Muthamil Nagar IVth Block 95th 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Muthamil Nagar IVth Block 95th Street has changed

The guideline value for Muthamil Nagar IVth Block 95th Street has seen changes over the years, with the most recent revision in 2024 setting the value at Rs 3,300 per sq.ft, up from Rs 3,000 per sq.ft in 2023. This represents a 10% increase from the previous year.

Prior to the 2023 revision, the guideline value register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. The only available figures are from 2023 and 2024, indicating a clear upward trend in the guideline value.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 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 this area is Rs 2,700 per sq.ft, placing Muthamil Nagar IVth Block 95th Street above this median.

• Muthamil Nagar IVth Block 94th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 96th 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 97th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 92nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 98th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 95th 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, totaling 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 use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Muthamil Nagar IVth Block 95th Street?

The Muthamil Nagar IVth Block 95th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IVth Block 95th Street?

The current guideline value of Muthamil Nagar IVth Block 95th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Muthamil Nagar IVth Block 95th Street?

The land classification for Muthamil Nagar IVth Block 95th Street is Residential Special Type - I.

Which Sub Registrar Office handles properties in this area?

The Madhavaram Sub Registrar Office handles properties in Muthamil Nagar IVth Block 95th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

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