Guideline Value for Muthamil Nagar VIIIth Block 207th Street

Muthamil Nagar VIIIth Block 207th Street guideline value

The current guideline value for Muthamil Nagar VIIIth Block 207th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Muthamil Nagar VIIIth Block 207th Street has changed

The guideline value for Muthamil Nagar VIIIth Block 207th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a significant drop of 33%. However, from 2017 to the latest revision in 2024, the value increased by 64% to reach the current figure of Rs 3,300 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 10% in the guideline value.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry 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 VIIIth Block 207th Street is above this median.

• Muthamil Nagar VIIIth Block 206th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 208th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 205th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 209th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 204th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 210th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIIth Block 207th 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 or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Muthamil Nagar VIIIth Block 207th Street?

The Muthamil Nagar VIIIth Block 207th Street falls under 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 price at which a property can be registered. When buying or selling property, the registration office uses this value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. It also helps in understanding the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIIIth Block 207th Street?

The current guideline value for Muthamil Nagar VIIIth Block 207th 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, and then increased to Rs 3,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2023.

What is the land classification for this area?

The land classification for Muthamil Nagar VIIIth Block 207th Street is Residential Special Type - I.

What is the stamp duty on property in this area?

The stamp duty for property in Muthamil Nagar VIIIth Block 207th Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Muthamil Nagar VIIIth Block 207th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.