Guideline Value for Muthamil Nagar Vth Block 133rd Street

Muthamil Nagar Vth Block 133rd Street guideline value

The current guideline value for Muthamil Nagar Vth Block 133rd 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 133rd Street has changed

The guideline value for Muthamil Nagar Vth Block 133rd Street has seen several revisions over the years. 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. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values vary across different streets. For the 2024 revision, the values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Muthamil Nagar Vth Block 133rd Street's 2024 guideline value is above this median.

• Muthamil Nagar Vth Block 132nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 134th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 131st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 135th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 130th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar West Avenue Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar Vth Block 133rd 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, leading to a total of 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamil Nagar Vth Block 133rd Street?

The Sub Registrar Office that covers Muthamil Nagar Vth Block 133rd Street is 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 critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for both parties in a transaction, providing clarity and transparency in property dealings.

Frequently asked questions

What is the current guideline value of Muthamil Nagar Vth Block 133rd Street?

The current guideline value of Muthamil Nagar Vth Block 133rd 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 increased to Rs 3,000 per sq.ft in 2023 and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

Muthamil Nagar Vth Block 133rd Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, leading to a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Muthamil Nagar Vth Block 133rd Street.