Guideline Value for Muthamil Nagar VIth Block 145th Street

Muthamil Nagar VIth Block 145th Street guideline value

The current guideline value for Muthamil Nagar VIth Block 145th 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 VIth Block 145th Street has changed

The guideline value for Muthamil Nagar VIth Block 145th Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,300 per sq.ft, marking a 10% increase from the previous figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. Thus, the only revisions noted are from 2012 and the current 2024 figure.

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 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, making the 2024 figure for Muthamil Nagar VIth Block 145th Street above this median.

• Muthamil Nagar VIth Block 144th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 146th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 143rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 147th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 142nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 148th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 145th 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, 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthamil Nagar VIth Block 145th Street?

The Muthamil Nagar VIth Block 145th Street falls under the jurisdiction of 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 property transactions in Kodungaiyur. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When a property is sold, the registration office uses the guideline value to calculate the stamp duty and registration fees. This ensures that the transaction is documented accurately and that the appropriate taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIth Block 145th Street?

The current guideline value for Muthamil Nagar VIth Block 145th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Muthamil Nagar VIth Block 145th Street?

The land classification for Muthamil Nagar VIth Block 145th Street is 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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Muthamil Nagar VIth Block 145th Street?

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