Guideline Value for Muthamil Nagar VIth Block 146th Street

Muthamil Nagar VIth Block 146th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 146th 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 VIth Block 146th Street has changed

The guideline value for Muthamil Nagar VIth Block 146th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at 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 2012 figure.

There are no recorded figures for this street in the revisions from 2023, 2017, 2007, 2003, or 2002. The only available values are from 2012 and 2024.

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. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Muthamil Nagar VIth Block 146th Street above this median.

• Muthamil Nagar VIth Block 145th 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 144th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 148th 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 149th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 146th 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, making the total cost for these fees Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthamil Nagar VIth Block 146th Street?

The Sub Registrar Office that covers Muthamil Nagar VIth Block 146th Street is 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 an essential factor when registering property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can aid in negotiations and ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 146th Street?

The current guideline value of Muthamil Nagar VIth Block 146th 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, reflecting a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, or 2002 for this street.

What is the land classification for Muthamil Nagar VIth Block 146th Street?

The land classification for Muthamil Nagar VIth Block 146th Street is Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000 for these fees.

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 is responsible for property registrations in the area.