Guideline Value for Muthamil Nagar Vth Block 135th Street

Muthamil Nagar Vth Block 135th Street guideline value

The current guideline value of Muthamil Nagar Vth Block 135th 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 Vth Block 135th Street has changed

The guideline value for Muthamil Nagar Vth Block 135th Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023 and then increased to Rs 3,300 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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, with a median value of Rs 2,700 per sq.ft. The guideline value of Muthamil Nagar Vth Block 135th Street is above this median.

• Muthamil Nagar Vth Block 134th Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar West Avenue Road: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 133rd Street: Rs 3,300 per sq.ft (2024)
• Muthamil Nagar Vth Block 132nd 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 130th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamil Nagar Vth Block 135th 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 the 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 information.

Which Sub Registrar Office covers Muthamil Nagar Vth Block 135th Street?

The Muthamil Nagar Vth Block 135th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This helps in maintaining a standard valuation across different properties within the same locality.

Frequently asked questions

What is the current guideline value of Muthamil Nagar Vth Block 135th Street?

The current guideline value of Muthamil Nagar Vth Block 135th 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?

The land classification for Muthamil Nagar Vth Block 135th 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 the stamp duty calculated for properties in this area?

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