Guideline Value for Muthamil Nagar VIth Block 167th Street

Muthamil Nagar VIth Block 167th Street guideline value

The current guideline value for Muthamil Nagar VIth Block 167th 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 167th Street has changed

Looking at the revision history, the guideline value for this street has seen several changes over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision and further to Rs 3,300 per sq.ft in the 2024 revision.

Between the revisions, the changes were as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, placing Muthamil Nagar VIth Block 167th Street's 2024 guideline value above that median.

• Muthamil Nagar VIth Block 166th 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 165th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 111th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar VIth Block 164th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 112th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 167th 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 the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamil Nagar VIth Block 167th Street?

The Muthamil Nagar VIth Block 167th Street falls under the jurisdiction of 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 when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, 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 ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 167th Street?

The current guideline value of Muthamil Nagar VIth Block 167th 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 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

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

Several other streets in Kodungaiyur have the same guideline value of Rs 3,300 per sq.ft, including Muthamil Nagar VIth Block 166th Street, 168th Street, 165th Street, and others.

How is stamp duty calculated for properties in Muthamil Nagar VIth Block 167th Street?

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

Where can I find the Sub Registrar Office for Muthamil Nagar VIth Block 167th Street?

The Sub Registrar Office covering Muthamil Nagar VIth Block 167th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.