Guideline Value for Muthamil Nagar VIIth Block 173rd Street

Muthamil Nagar VIIth Block 173rd Street guideline value

The current guideline value for Muthamil Nagar VIIth Block 173rd 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 VIIth Block 173rd Street has changed

In the 2012 revision, the guideline value for Muthamil Nagar VIIth Block 173rd Street was Rs 3,000 per sq.ft. This figure remained the same through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar VIIth Block 173rd Street above the median.

• Muthamil Nagar VIIth Block 172nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 174th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 171st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 175th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIIth Block 210th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 176th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIth Block 173rd 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 fee would be 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar VIIth Block 173rd Street?

The Muthamil Nagar VIIth Block 173rd 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 when registering a property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buyers and sellers engage in property transactions, the guideline value ensures that the government receives the appropriate revenue from these transactions. This value is particularly important as it reflects the official rate set by the Registration Department.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIth Block 173rd Street?

The current guideline value of Muthamil Nagar VIIth Block 173rd 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 3,300 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017.

What is the land classification for Muthamil Nagar VIIth Block 173rd Street?

The land classification for Muthamil Nagar VIIth Block 173rd Street is Residential Special Type - I. This classification affects the guideline value and potential uses of the property.

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. This is calculated based on the guideline value.

Where can I find the Sub Registrar Office for Muthamil Nagar VIIth Block 173rd Street?

The Sub Registrar Office covering Muthamil Nagar VIIth Block 173rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.