Guideline Value for Muthamil Nagar VIIth Block 175th Street

Muthamil Nagar VIIth Block 175th Street guideline value

The current guideline value for Muthamil Nagar VIIth Block 175th 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 175th Street has changed

The guideline value for Muthamil Nagar VIIth Block 175th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 3,000 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent rise highlights the current valuation trends within the locality.

Guideline values in Kodungaiyur

Kodungaiyur has a range of guideline values for its 1,318 streets under the Madhavaram SRO, with figures for 2024 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 175th Street above this median at Rs 3,300 per sq.ft.

• Muthamil Nagar VIIth Block 174th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 176th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 173rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 177th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 172nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 178th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIth Block 175th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar VIIth Block 175th Street?

The Muthamil Nagar VIIth Block 175th 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 a critical factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial implications associated with the transfer of ownership.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIIth Block 175th Street?

The current guideline value for Muthamil Nagar VIIth Block 175th 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. There were no changes recorded from 2012 to 2023, and the overall increase from 2012 to 2024 is 10%.

What are the other guideline values in Kodungaiyur?

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Muthamil Nagar VIIth Block 175th Street is valued above this median at Rs 3,300 per sq.ft.

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. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Muthamil Nagar VIIth Block 175th Street?

The Madhavaram Sub Registrar Office handles the registration for Muthamil Nagar VIIth Block 175th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.