Guideline Value for MUNEESWARAN KOIL STREET

Muneeswaran Koil Street guideline value

The current guideline value of Muneeswaran Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Muneeswaran Koil Street has changed

The guideline value for Muneeswaran Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 84 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision recorded a value of Rs 2,500 per sq.ft, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,500 per sq.ft, and the most recent 2024 revision has set the value at Rs 2,800 per sq.ft. The register has no figure for the year 2002.

Notable changes between the revisions include a remarkable increase of 1150% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023 and then increased by 12% from 2023 to 2024. Overall, the guideline value has increased by 3233% from 2003 to 2024.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Muneeswaran Koil Street's 2024 figure above this median.

• Muneeswaran Cross Kulakarai Street: Rs 2,800 per sq.ft (2024)
• Mohana Garden: Rs 2,200 per sq.ft (2024)
• Nanjunda Rao Road & Avenue: Rs 4,500 per sq.ft (2024)
• Narayana Nagar: Rs 2,800 per sq.ft (2024)
• Narayana Nagar Cross Street: Rs 2,800 per sq.ft (2024)
• Me.Aa.Vaithiyaligam Salai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Muneeswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total charges Rs 2,52,000. 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 further calculations.

Which Sub Registrar Office covers Muneeswaran Koil Street?

The Sub Registrar Office that covers Muneeswaran Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Enjambakkam, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Muneeswaran Koil Street?

The current guideline value of Muneeswaran Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 84 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 3233% over this period.

What are the stamp duty and registration fees for property in Muneeswaran Koil Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers Muneeswaran Koil Street?

The Neelankarai Sub Registrar Office covers Muneeswaran Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for Muneeswaran Koil Street?

Muneeswaran Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.