Guideline Value for Muthamil Nagar VIth Block 149th Street

Muthamil Nagar VIth Block 149th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 149th 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 149th Street has changed

The guideline value for Muthamil Nagar VIth Block 149th Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft. This figure remained unchanged through the 2023 revision, which also listed the value at Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that 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 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, placing Muthamil Nagar VIth Block 149th Street's 2024 figure above the median.

• Muthamil Nagar VIth Block 148th 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 147th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 151st 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 152nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 149th 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 to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthamil Nagar VIth Block 149th Street?

The Muthamil Nagar VIth Block 149th Street falls under 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, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIth Block 149th Street?

The current guideline value for Muthamil Nagar VIth Block 149th 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, marking a 10% increase. There were no changes recorded for the years 2017, 2007, 2003, and 2002.

What is the land classification for Muthamil Nagar VIth Block 149th Street?

The land classification for Muthamil Nagar VIth Block 149th Street is Residential Special Type - I. This classification affects the guideline value and potential uses of the property.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Muthamil Nagar VIth Block 149th Street is charged at 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

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 all registrations for properties in the area.