Guideline Value

Corporate

Guideline Value for MUNCI COLONY

₹1320/sq.ft.

The guideline value for Munci Colony in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹126 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹107 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Munci Colony

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Munci Colony guideline value

The current guideline value of Munci Colony, located in Pallikaranai village, is Rs 1,320 per sq.ft, effective from the 2024 revision. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Munci Colony has changed

The guideline value for Munci Colony has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 107 per sq.ft. This increased to Rs 126 per sq.ft in 2003, marking an 18% rise. The value further surged to Rs 500 per sq.ft in 2007, reflecting a significant increase of 297%. In 2012, the guideline value was Rs 1,200 per sq.ft, which represented a 140% increase from the previous revision. However, this value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The most recent revisions show an increase to Rs 1,200 per sq.ft in 2023 and then to Rs 1,320 per sq.ft in 2024, indicating a 10% rise.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1134%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Munci Colony's 2024 figure below that median.

Stamp duty and registration fee for property in Munci Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 information.

Which Sub Registrar Office covers Munci Colony?

Munci Colony falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations associated with the transaction. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the local authorities.

Frequently asked questions

What is the current guideline value of Munci Colony?

The current guideline value of Munci Colony is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 107 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 1134%.

What is the registration office for Munci Colony?

The registration office for Munci Colony is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Munci Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 92,400.

What are the other streets in Pallikaranai with similar guideline values?

Other streets in Pallikaranai under the Chennai South Joint I SRO include Mullai Street Vgp Shanthi Nagar at Rs 2,750 per sq.ft and several streets in M.O.C Nagar, all valued at Rs 1,320 per sq.ft.