Guideline Value for MUNESWARAN KOIL STREET

Muneswaran Koil Street guideline value

The current guideline value of Muneswaran Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Muneswaran Koil Street has changed

The guideline value for Muneswaran Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the latest revision in 2024 has further raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft, with a median value of Rs 1,940 per sq.ft. Muneswaran Koil Street's 2024 guideline value is below this median.

• Muneswaran Koil Mettu Street: Rs 1,080 per sq.ft (2024)
• Mookaniamman 1 To 11 Streets: Rs 2,200 per sq.ft (2024)
• Mookanaimman Koil Main Road: Rs 2,200 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• Mangala Vinayakar Kiol Street: Rs 1,320 per sq.ft (2024)
• Mangala Vinayagar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Muneswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muneswaran Koil Street?

The Sub Registrar Office that covers Muneswaran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muneswaran Koil Street?

The current guideline value of Muneswaran Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Muneswaran Koil Street?

Muneswaran Koil Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Muneswaran Koil Street?

The Sub Registrar Office for Muneswaran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 99,000.