Guideline Value for Muthamil Nagar VIIth Block 180th Street

Muthamil Nagar VIIth Block 180th Street guideline value

The current guideline value for Muthamil Nagar VIIth Block 180th 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 VIIth Block 180th Street has changed

Over the years, the guideline value for Muthamil Nagar VIIth Block 180th Street has seen several revisions. The earliest available revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 3,300 per sq.ft, marking a 64% rise from the 2017 figure.

From 2012 to 2017, there was a decrease of 33% in the guideline value. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

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 as per the 2024 revision. The median guideline value for the village is Rs 2,700 per sq.ft, placing Muthamil Nagar VIIth Block 180th Street above this median.

• Muthamil Nagar VIIth Block 179th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 181st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 178th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 182nd 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 183rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIth Block 180th 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 guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Muthamil Nagar VIIth Block 180th Street?

The Muthamil Nagar VIIth Block 180th 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 details.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIth Block 180th Street?

The current guideline value of Muthamil Nagar VIIth Block 180th 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 were no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Muthamil Nagar VIIth Block 180th Street?

The land classification for Muthamil Nagar VIIth Block 180th Street is Residential Special Type - I, indicating its suitability for residential development.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Muthamil Nagar VIIth Block 180th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Muthamil Nagar VIIth Block 180th Street?

The Sub Registrar Office covering Muthamil Nagar VIIth Block 180th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.