Guideline Value for Muthamil Nagar VIIIth Block 205th Street

Muthamil Nagar VIIIth Block 205th Street guideline value

The current guideline value of Muthamil Nagar VIIIth Block 205th 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 VIIIth Block 205th Street has changed

The guideline value for Muthamil Nagar VIIIth Block 205th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following that, the value increased to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 3,300 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making Muthamil Nagar VIIIth Block 205th Street's 2024 figure above that median.

• Muthamil Nagar VIIIth Block 204th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 206th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 203rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 207th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 202nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 208th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIIth Block 205th 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, making the total cost for these fees Rs 2,97,000. It is important to note that 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 VIIIth Block 205th Street?

The Muthamil Nagar VIIIth Block 205th 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the government records. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIIth Block 205th Street?

The current guideline value of Muthamil Nagar VIIIth Block 205th 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 increased 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 this area?

The land classification for Muthamil Nagar VIIIth Block 205th Street is Residential Special Type - I.

What are the stamp duty and registration fees for a property 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.

Which office should I contact for registration?

The Madhavaram Sub Registrar Office covers Muthamil Nagar VIIIth Block 205th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.