Guideline Value for Muthamil Nagar VIth Block 166th Street

Muthamil Nagar VIth Block 166th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 166th 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 166th Street has changed

The guideline value for Muthamil Nagar VIth Block 166th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The consistent figure of Rs 3,000 per sq.ft from 2012 to 2023 suggests stability in this period before the increase in 2024.

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 166th Street's 2024 figure above that median.

• Muthamil Nagar VIth Block 165th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 167th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 164th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 168th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 163rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 111th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 166th 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 the duty is charged on the higher of the guideline value or 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 166th Street?

The Muthamil Nagar VIth Block 166th 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 the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is considered to ensure that the transaction is registered at an appropriate value. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 166th Street?

The current guideline value of Muthamil Nagar VIth Block 166th 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, where the value remained at Rs 3,000 per sq.ft.

What is the land classification for Muthamil Nagar VIth Block 166th Street?

The land classification for Muthamil Nagar VIth Block 166th Street is Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Muthamil Nagar VIth Block 166th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.