Guideline Value for Muthamil Nagar IVth Block 96th Street

Muthamil Nagar IVth Block 96th Street guideline value

The current guideline value of Muthamil Nagar IVth Block 96th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Muthamil Nagar IVth Block 96th Street has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Muthamil Nagar IVth Block 96th Street. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft. This reflects an increase of 10% to the current rate of Rs 3,300 per sq.ft in the 2024 revision.

The 2024 revision shows a significant change from the previous year, with the guideline value rising from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. This increase indicates a notable adjustment in the valuation for properties in this area.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 this village is Rs 2,700 per sq.ft, placing Muthamil Nagar IVth Block 96th Street's 2024 figure above this median.

• Muthamil Nagar IVth Block 95th 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 94th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar IVth Block 98th 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 99th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar IVth Block 96th 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar IVth Block 96th Street?

The Muthamil Nagar IVth Block 96th 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 in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar IVth Block 96th Street?

The current guideline value of Muthamil Nagar IVth Block 96th 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 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Muthamil Nagar IVth Block 96th Street?

The land classification for Muthamil Nagar IVth Block 96th Street is Residential Special Type - I. This classification indicates the intended use of the land in this area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Muthamil Nagar IVth Block 96th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000.