Guideline Value for MUNUSAMI STREET

Munusami Street guideline value

The current guideline value of Munusami Street is Rs 1,400 per sq.ft. This street is located in Navaloor village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Munusami Street has changed

The guideline value for Munusami Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 1,400 per sq.ft, marking a change of +109% from 2017 to 2023.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by +195%. The revisions for the years 2002, 2003, and 2024 do not have figures listed for this street in the register.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor. Munusami Street is the only street mentioned in the available data.

Stamp duty and registration fee for property in Munusami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for these fees to Rs 1,26,000. 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 Munusami Street?

The Sub Registrar Office that covers Munusami Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property dealings, ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Munusami Street?

The current guideline value of Munusami Street is Rs 1,400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, which is an overall increase of +195% over the years.

What were the guideline values in previous revisions?

The guideline values in previous revisions are as follows: Rs 475 per sq.ft in 2007, Rs 1,000 per sq.ft in 2012, and Rs 670 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2024.

What are the fees associated with buying property on Munusami Street?

The fees associated with buying property on Munusami Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Munusami Street located?

The Sub Registrar Office for Munusami Street is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.