Guideline Value for Muthamil Nagar VIIth Block 184th Street

Muthamil Nagar VIIth Block 184th Street guideline value

The current guideline value for Muthamil Nagar VIIth Block 184th 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 184th Street has changed

The guideline value for this street has seen several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2024, there was a significant increase of 64%, bringing the current value to Rs 3,300 per sq.ft.

Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 10%. It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2023 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 of Rs 2,700 per sq.ft. Muthamil Nagar VIIth Block 184th Street's 2024 figure is above this median.

• Muthamil Nagar VIIth Block 183rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 185th 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 186th 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 187th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIth Block 184th 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, 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 duty is charged on the higher of the guideline value or 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 184th Street?

The Muthamil Nagar VIIth Block 184th 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 during the registration of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value helps ensure that the transaction reflects the official value set by the authorities. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIIth Block 184th Street?

The current guideline value for Muthamil Nagar VIIth Block 184th 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 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, marking a 64% rise from 2017 to 2024.

What is the land classification for this street?

Muthamil Nagar VIIth Block 184th Street is classified as Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.