Guideline Value for Muthamil Nagar VIth Block 168th Street

Muthamil Nagar VIth Block 168th Street guideline value

The current guideline value of Muthamil Nagar VIth Block 168th 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 168th Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, showing a rise of 49%. The latest revision in 2024 brought the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 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, making the 2024 figure for Muthamil Nagar VIth Block 168th Street above the median.

• Muthamil Nagar VIth Block 167th 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 166th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 112th 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 113th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar VIth Block 168th 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 fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Muthamil Nagar VIth Block 168th Street?

The Muthamil Nagar VIth Block 168th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthamil Nagar VIth Block 168th Street?

The current guideline value of Muthamil Nagar VIth Block 168th 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 seen several changes, with the most recent revision in 2024 increasing it to Rs 3,300 per sq.ft from Rs 3,000 per sq.ft in 2023. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Muthamil Nagar VIth Block 168th Street?

Muthamil Nagar VIth Block 168th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office, which covers Muthamil Nagar VIth Block 168th Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.