Guideline Value for MUNUSAMY NAGAR

Munusamy Nagar guideline value

The current guideline value of Munusamy Nagar is Rs 1,344 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Special Type - III.

How the guideline value of Munusamy Nagar has changed

The guideline value for Munusamy Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,344 per sq.ft, a significant increase from the 2023 revision, which was Rs 900 per sq.ft. Notably, the 2017 revision also recorded a value of Rs 900 per sq.ft, indicating no change during that period. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was a notable increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the changes in property valuation in this area.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Munusamy Nagar's 2024 figure above that median.

• M.K.Avenue Sadras Salai: Rs 1,005 per sq.ft (2024)
• Mettu Street D.M.Pet: Rs 600 per sq.ft (2024)
• Navalur: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 1,250 per sq.ft (2024)
• Nehru Street: Rs 700 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Munusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, bringing the total cost for these fees to Rs 1,20,960. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Munusamy Nagar?

The Sub Registrar Office that covers Munusamy Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thirukalukundrem A. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the government.

It is essential to be aware that the guideline value may differ significantly from the actual sale price. Therefore, buyers and sellers should always refer to the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Munusamy Nagar?

The current guideline value of Munusamy Nagar is Rs 1,344 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 49%, remaining unchanged at Rs 900 per sq.ft until the 2024 revision.

What is the land classification of Munusamy Nagar?

Munusamy Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,44,000, the stamp duty would be Rs 94,080 and the registration fee would be Rs 26,880, totaling Rs 1,20,960.

Which office handles property registrations in Munusamy Nagar?

The Thirukazhukundram Sub Registrar Office handles property registrations in Munusamy Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.