Guideline Value for Muthamil Nagar VIth Block 155th Street

Muthamil Nagar VIth Block 155th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 155th 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 155th Street has changed

The guideline value for Muthamil Nagar VIth Block 155th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures 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 a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Muthamil Nagar VIth Block 155th Street's 2024 figure above this median.

• Muthamil Nagar VIth Block 154th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 156th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 153rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 157th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 152nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 158th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 155th 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, together totaling Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthamil Nagar VIth Block 155th Street?

The Muthamil Nagar VIth Block 155th Street falls under 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 a crucial factor in property transactions in Kodungaiyur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration norms.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 155th Street?

The current guideline value of Muthamil Nagar VIth Block 155th 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 increased to Rs 3,300 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What are the stamp duty and registration fees for properties 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. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles transactions in Muthamil Nagar VIth Block 155th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers transactions for Muthamil Nagar VIth Block 155th Street.

What is the land classification for Muthamil Nagar VIth Block 155th Street?

The land classification for Muthamil Nagar VIth Block 155th Street is Residential Special Type - I.