Guideline Value for Dr.Muniyappa Road

Dr.Muniyappa Road guideline value

The current guideline value of Dr.Muniyappa Road is Rs 13,400 per sq.ft, effective from 1 July 2024. This road is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I.

How the guideline value of Dr.Muniyappa Road has changed

Over the years, the guideline value of Dr.Muniyappa Road has seen significant changes. The earliest recorded figure is from 2002, which was Rs 1,093 per sq.ft. This value increased to Rs 1,205 per sq.ft in 2003, marking a 10% rise. The subsequent revisions show a notable increase, with the value jumping to Rs 2,600 per sq.ft in 2007, a substantial 116% increase. The 2012 revision saw the value at Rs 12,300 per sq.ft, reflecting a 373% increase from the previous revision. However, this was followed by a decrease to Rs 8,241 per sq.ft in 2017, a decline of 33%. The guideline value then rose to Rs 12,300 per sq.ft in 2023, before reaching the current value of Rs 13,400 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,126%. There are no figures available for the years not mentioned in this register for Dr.Muniyappa Road.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Dr.Muniyappa Road's 2024 figure above that median.

• Dr.Muniyappa Cross Street: Rs 9,300 per sq.ft (2024)
• Dr.NairSalai: Rs 13,400 per sq.ft (2024)
• Dr.Natesa MudaliStreet: Rs 2,800 per sq.ft (2024)
• Driver Street: Rs 7,100 per sq.ft (2024)
• Dr.Gurusamy Mudali Road: Rs 13,400 per sq.ft (2024)
• Dr.Santhosam Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Muniyappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000. Together, these fees would total Rs 12,06,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dr.Muniyappa Road?

The Sub Registrar Office that covers Dr.Muniyappa Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it influences the overall transaction costs. The buyer will need to pay stamp duty and registration fees based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Dr.Muniyappa Road?

The current guideline value of Dr.Muniyappa Road is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,093 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, which is an overall increase of 1,126%.

What is the stamp duty for property on Dr.Muniyappa Road?

The stamp duty for property on Dr.Muniyappa Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dr.Muniyappa Road located?

The Sub Registrar Office for Dr.Muniyappa Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the guideline values of other streets in Egmore?

Other streets in Egmore have varying guideline values. For example, Dr.NairSalai and Dr.Gurusamy Mudali Road both have a guideline value of Rs 13,400 per sq.ft, while Dr.Natesa MudaliStreet has a guideline value of Rs 2,800 per sq.ft.