Guideline Value for Muthamil Nagar VIth Block 147th Street

Muthamil Nagar VIth Block 147th Street guideline value

The current guideline value for Muthamil Nagar VIth Block 147th 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 VIth Block 147th Street has changed

Over the years, the guideline value for Muthamil Nagar VIth Block 147th Street has seen several revisions. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision, where it also stood at Rs 3,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has increased by 10% from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values for 2024 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, making the current value of Muthamil Nagar VIth Block 147th Street above this median.

• Muthamil Nagar VIth Block 146th 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 145th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 149th 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 150th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 147th 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 cost 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamil Nagar VIth Block 147th Street?

The Sub Registrar Office that covers Muthamil Nagar VIth Block 147th Street is 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 plays a crucial role during the registration of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When registering a property, the guideline value is compared to 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 correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 147th Street?

The current guideline value of Muthamil Nagar VIth Block 147th 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 remained at Rs 3,000 per sq.ft from 2012 to 2023, and then increased to Rs 3,300 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

What is the land classification for Muthamil Nagar VIth Block 147th Street?

The land classification for Muthamil Nagar VIth Block 147th Street is Residential Special Type - I.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Muthamil Nagar VIth Block 147th Street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar VIth Block 147th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.