Guideline Value for Muthamil Nagar VIth Block 143rd Street

Muthamil Nagar VIth Block 143rd Street guideline value

The current guideline value of Muthamil Nagar VIth Block 143rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Muthamil Nagar VIth Block 143rd Street has changed

The guideline value for Muthamil Nagar VIth Block 143rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2012 revision figure of Rs 3,000 per sq.ft. Notably, there are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002.

In summary, the 2012 revision was the last recorded figure before the 2024 update. The increase from Rs 3,000 to Rs 3,300 reflects the changes made in the guideline value over the years, specifically from 2012 to 2024.

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 of the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar VIth Block 143rd Street above this median.

• Muthamil Nagar VIth Block 142nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 144th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 141st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 145th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIIth Block 187th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 146th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 143rd 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 fees to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamil Nagar VIth Block 143rd Street?

The Muthamil Nagar VIth Block 143rd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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 serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 143rd Street?

The current guideline value of Muthamil Nagar VIth Block 143rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 10%, from Rs 3,000 to Rs 3,300 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Muthamil Nagar VIth Block 143rd Street?

The land classification for Muthamil Nagar VIth Block 143rd Street is Residential Special Type - I. This classification is important for determining the usage and development potential of the land.

How is 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 plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the Muthamil Nagar VIth Block 143rd Street area.