Guideline Value for Muthamil Nagar VIIIth Block 209th Street

Muthamil Nagar VIIIth Block 209th Street guideline value

The current guideline value for Muthamil Nagar VIIIth Block 209th 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 VIIIth Block 209th Street has changed

Over the years, the guideline value of Muthamil Nagar VIIIth Block 209th Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,000 per sq.ft, which was then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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. Muthamil Nagar VIIIth Block 209th Street's guideline value is above this median.

• Muthamil Nagar VIIIth Block 208th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 210th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 207th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 171st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 206th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 172nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIIth Block 209th 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar VIIIth Block 209th Street?

The Muthamil Nagar VIIIth Block 209th 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 an essential factor when registering property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers and sellers should always refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIIth Block 209th Street?

The current guideline value of Muthamil Nagar VIIIth Block 209th 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 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 of Muthamil Nagar VIIIth Block 209th Street?

The land classification for Muthamil Nagar VIIIth Block 209th Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

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.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.