Guideline Value for Muthamil Nagar VIth Block 148th Street

Muthamil Nagar VIth Block 148th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 148th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar VIth Block 148th Street has changed

Since the 2012 revision, the guideline value for Muthamil Nagar VIth Block 148th Street has increased from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 10%. The 2023 revision recorded a guideline value of Rs 3,000 per sq.ft, showing no change from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. The most recent revision in 2024 shows a 10% increase from the previous year, 2023, which had a guideline value of Rs 3,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the 2024 figure for Muthamil Nagar VIth Block 148th Street higher than the median.

• Muthamil Nagar VIth Block 147th 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 146th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 150th 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 151st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 148th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthamil Nagar VIth Block 148th Street?

The Sub Registrar Office that covers Muthamil Nagar VIth Block 148th 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 plays a crucial role in property transactions in Kodungaiyur. It is the benchmark for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIth Block 148th Street?

The current guideline value for Muthamil Nagar VIth Block 148th 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 3,300 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value from 2012 to 2023.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 3,300 per sq.ft include Muthamil Nagar VIth Block 145th Street, 146th Street, 147th Street, 149th Street, 150th Street, and 151st Street.

What fees are associated with buying property in Muthamil Nagar VIth Block 148th Street?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

Where can I find the Sub Registrar Office for Muthamil Nagar VIth Block 148th Street?

The Sub Registrar Office for Muthamil Nagar VIth Block 148th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.