Guideline Value for Muthamil Nagar Vth Block 126th Street

Muthamil Nagar Vth Block 126th Street guideline value

The current guideline value for Muthamil Nagar Vth Block 126th 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 Vth Block 126th Street has changed

Over the years, the guideline value for Muthamil Nagar Vth Block 126th Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, in the 2024 revision, the guideline value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 64% from the 2017 figure.

When looking at the overall changes from the 2012 revision to the 2024 revision, there has been a slight increase of 10%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

Kodungaiyur village 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 as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, placing Muthamil Nagar Vth Block 126th Street's current value above this median.

• Muthamil Nagar Vth Block 125th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 127th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 124th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 128th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 123rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 129th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar Vth Block 126th 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 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.

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

Which Sub Registrar Office covers Muthamil Nagar Vth Block 126th Street?

The Muthamil Nagar Vth Block 126th 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, as it determines the minimum value at which a property can be registered. During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property in Kodungaiyur, it is essential to be aware of the current guideline value, as it influences the overall costs involved in the transaction. Buyers should consider this value when negotiating purchase prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Muthamil Nagar Vth Block 126th Street?

The current guideline value for Muthamil Nagar Vth Block 126th 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, and then increased to Rs 3,300 per sq.ft in 2024. Overall, this reflects a 10% increase from the 2012 figure to the 2024 figure.

What is the land classification for Muthamil Nagar Vth Block 126th Street?

The land classification for Muthamil Nagar Vth Block 126th Street is Residential Special Type - I, indicating its designated use for residential purposes.

Which Sub Registrar Office handles registrations for this street?

The Madhavaram Sub Registrar Office handles registrations for Muthamil Nagar Vth Block 126th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 2,97,000.