Guideline Value for Muthamil Nagar VIIIth Block 210th Street

Muthamil Nagar VIIIth Block 210th Street guideline value

The current guideline value for Muthamil Nagar VIIIth Block 210th 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 210th Street has changed

The guideline value for Muthamil Nagar VIIIth Block 210th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,000 per sq.ft. The most recent revision in 2024 raised the guideline value by 10% to Rs 3,300 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 figure.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 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 area is Rs 2,700 per sq.ft, placing Muthamil Nagar VIIIth Block 210th Street above this median.

• Muthamil Nagar VIIIth Block 209th 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 208th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 172nd 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 173rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIIth Block 210th 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar VIIIth Block 210th Street?

The Sub Registrar Office that covers Muthamil Nagar VIIIth Block 210th Street is 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 value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable during the transaction.

When registering a property, the authorities will assess the guideline value to calculate the necessary fees. It is essential for both parties to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIIth Block 210th Street?

The current guideline value of Muthamil Nagar VIIIth Block 210th 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. It increased from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, marking a 49% rise.

What is the land classification for Muthamil Nagar VIIIth Block 210th Street?

Muthamil Nagar VIIIth Block 210th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Muthamil Nagar VIIIth Block 210th Street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar VIIIth Block 210th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.