Guideline Value for MUNI AANDAL NAGAR

Muni Aandal Nagar guideline value

The current guideline value of Muni Aandal Nagar is Rs 171 per sq.ft. This area is located in Thandalam village, under the Arani_Tiruvallur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Muni Aandal Nagar has changed

The guideline value for Muni Aandal Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 114 per sq.ft, which increased to Rs 171 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 171 per sq.ft, showing no change from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The change from 2017 to 2023 was also a 50% increase. The consistency in the value from 2023 to 2024 indicates stability in the guideline value for this area.

Guideline values in Thandalam

In Thandalam, there are three streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 171 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making Muni Aandal Nagar's 2024 figure below that median.

• Sanjari Nagar: Rs 250 per sq.ft (2024)
• Srivari Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Muni Aandal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 171 per sq.ft, the total guideline value would be Rs 1,71,000. The stamp duty at 7% would amount to Rs 11,970, and the registration fee at 2% would be Rs 3,420, bringing the total to Rs 15,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muni Aandal Nagar?

The Sub Registrar Office that covers Muni Aandal Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering a property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as per the government’s assessment. This process aids in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Muni Aandal Nagar?

The current guideline value of Muni Aandal Nagar is Rs 171 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 114 per sq.ft in 2017 to Rs 171 per sq.ft in 2023 and has remained the same for 2024. This represents a 50% increase from 2017 to 2024.

What are the other streets in Thandalam with their guideline values?

Other streets in Thandalam under the Arani_Tiruvallur SRO include Sanjari Nagar, with a guideline value of Rs 250 per sq.ft, and Srivari Nagar, with a value of Rs 200 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in Muni Aandal Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,71,000. The stamp duty would be Rs 11,970, and the registration fee would be Rs 3,420, totaling Rs 15,390.

Where can I find the Sub Registrar Office for Muni Aandal Nagar?

The Sub Registrar Office for Muni Aandal Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find more details about your SRO online.