Guideline Value for Muthamil Nagar VIth Block 164th Street

Muthamil Nagar VIth Block 164th Street guideline value

The current guideline value for Muthamil Nagar VIth Block 164th 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 164th Street has changed

The guideline value for Muthamil Nagar VIth Block 164th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision, where it was again 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.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar VIth Block 164th Street's value above this median.

• Muthamil Nagar VIth Block 163rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 165th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 162nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 166th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 161st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 167th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 164th 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 fees together to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and 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 164th Street?

The Muthamil Nagar VIth Block 164th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kodungaiyur

When buying or selling property in Kodungaiyur, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It serves as a reference point for the value of the property, ensuring that the fees are calculated accurately based on the established rates.

At the time of registration, 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 process ensures transparency and adherence to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Muthamil Nagar VIth Block 164th Street?

The current guideline value for Muthamil Nagar VIth Block 164th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase over this period.

What is the registration office for Muthamil Nagar VIth Block 164th Street?

The registration office for Muthamil Nagar VIth Block 164th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

The stamp duty for property in Muthamil Nagar VIth Block 164th Street is charged at 7% of the higher of the guideline value or the sale price.

Where can I find more information about stamp duty and registration fees?

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