Guideline Value for Muthamil Nagar Vth Block 134th Street

Muthamil Nagar Vth Block 134th Street guideline value

The current guideline value of Muthamil Nagar Vth Block 134th 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 the land classification is Residential Special Type - I.

How the guideline value of Muthamil Nagar Vth Block 134th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision, representing a decline of 33%. However, between 2017 and 2023, the value saw a significant increase to Rs 3,000 per sq.ft, marking a rise of 49%. The most recent revision in 2024 sets the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available 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

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Muthamil Nagar Vth Block 134th Street at Rs 3,300 per sq.ft is above this median.

• Muthamil Nagar Vth Block 133rd 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 132nd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar West Avenue Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 131st Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 130th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar Vth Block 134th 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 use the stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Muthamil Nagar Vth Block 134th Street?

The Muthamil Nagar Vth Block 134th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is registered, the guideline value is considered to be the minimum value for the transaction. This means that if the sale price is lower than the guideline value, the stamp duty will still be calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthamil Nagar Vth Block 134th Street?

The current guideline value of Muthamil Nagar Vth Block 134th 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 Muthamil Nagar Vth Block 134th Street?

The land classification for Muthamil Nagar Vth Block 134th 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 stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee.