Guideline Value for MUNIREDDYKANDIGAI

Munireddykandigai guideline value

The current guideline value of Munireddykandigai is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class V Type - I.

How the guideline value of Munireddykandigai has changed

The guideline value for Munireddykandigai has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 100 per sq.ft, which increased by 26% to Rs 126 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 126 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has seen a cumulative increase of 26%.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a guideline value for 2024, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, making the 2024 figure for Munireddykandigai below that median.

• Nagariroad: Rs 250 per sq.ft (2024)
• Nagariroad Santhu: Rs 250 per sq.ft (2024)
• Meyanstreet: Rs 126 per sq.ft (2024)
• Neru Nagar: Rs 200 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Munireddykandigai

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, totaling Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Munireddykandigai?

Munireddykandigai falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold or bought, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Munireddykandigai?

The current guideline value of Munireddykandigai is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 126 per sq.ft in 2023 and has remained the same in 2024. Overall, there has been a 26% increase from 2017 to 2024.

What are the other streets in Pudupet and their guideline values?

Other streets in Pudupet include Nagariroad at Rs 250 per sq.ft, Nagariroad Santhu at Rs 250 per sq.ft, Meyanstreet at Rs 126 per sq.ft, Neru Nagar at Rs 200 per sq.ft, Main Road at Rs 600 per sq.ft, and N.S. Nagar at Rs 400 per sq.ft for 2024.

What fees are associated with property registration in Munireddykandigai?

When registering property in Munireddykandigai, buyers need to pay a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Munireddykandigai?

The Pallipattu Sub Registrar Office covers Munireddykandigai, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.