Guideline Value for Muthamil Nagar VIIth Block 187th Street

Muthamil Nagar VIIth Block 187th Street guideline value

The current guideline value of Muthamil Nagar VIIth Block 187th 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 the land classification is Residential Special Type - I.

How the guideline value of Muthamil Nagar VIIth Block 187th Street has changed

Looking at the revisions, the guideline value has seen several changes over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 3,300 per sq.ft, representing a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2023, 2007, 2003, and 2002 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 value of Rs 2,700 per sq.ft. Muthamil Nagar VIIth Block 187th Street's 2024 figure is above this median.

• Muthamil Nagar VIIth Block 186th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 141st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 185th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 142nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 184th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 143rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIIth Block 187th 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 the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Muthamil Nagar VIIth Block 187th Street?

The Sub Registrar Office that covers Muthamil Nagar VIIth Block 187th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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 on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is registered at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process. This helps in accurate budgeting for the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIIth Block 187th Street?

The current guideline value of Muthamil Nagar VIIth Block 187th 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. Overall, from 2012 to 2024, it has increased by 10%.

What is the land classification of this street?

The land classification for Muthamil Nagar VIIth Block 187th Street is Residential Special Type - I.

How does the guideline value compare to other streets in Kodungaiyur?

The guideline value of Muthamil Nagar VIIth Block 187th Street is above the median value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office covers the registration for Muthamil Nagar VIIth Block 187th Street.