Guideline Value for Muthamil Nagar West Avenue Road

Muthamil Nagar West Avenue Road guideline value

The current guideline value for Muthamil Nagar West Avenue Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Muthamil Nagar West Avenue Road has changed

The guideline value for Muthamil Nagar West Avenue Road has seen several revisions over the years. Starting with the 2012 revision, the value was set at Rs 3,000 per sq.ft. This decreased to Rs 2,010 per sq.ft in 2017, before increasing again to Rs 3,000 per sq.ft in 2023. The current revision in 2024 has raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

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, placing Muthamil Nagar West Avenue Road's 2024 figure above this median.

• Muthamil Nagar Vth Block 135th 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 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 West Avenue Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is 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, totaling 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 West Avenue Road?

The Sub Registrar Office that covers Muthamil Nagar West Avenue Road 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 crucial factor in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating stamp duty.

Frequently asked questions

What is the current guideline value for Muthamil Nagar West Avenue Road?

The current guideline value for Muthamil Nagar West Avenue Road 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 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 West Avenue Road?

Muthamil Nagar West Avenue Road is classified as Residential Special Type - I under the Madhavaram SRO.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for properties in Kodungaiyur?

The Madhavaram Sub Registrar Office handles registrations for properties in Kodungaiyur, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.