Guideline Value for MUNUSWAMY MUDALI STREET

Munuswamy Mudali Street guideline value

The current guideline value of Munuswamy Mudali Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Matthur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Munuswamy Mudali Street has changed

The guideline value for Munuswamy Mudali Street has seen several revisions over the years. In 2002, the guideline value was Rs 44 per sq.ft, which increased to Rs 53 per sq.ft in 2003, marking a 20% rise. The value then jumped significantly to Rs 100 per sq.ft in 2007, reflecting an 89% increase. Following that, it surged to Rs 1,000 per sq.ft in 2012, showing a remarkable 900% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,400%. There are no figures available for revisions in years other than those listed.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median being Rs 1,100 per sq.ft. Munuswamy Mudali Street's 2024 guideline value is equal to this median.

• M.Parvathi Nagar: Rs 1,100 per sq.ft (2024)
• Muthu Nagar: Rs 1,100 per sq.ft (2024)
• Nadiya Nagar: Rs 1,100 per sq.ft (2024)
• M G R Nagar: Rs 1,100 per sq.ft (2024)
• M G R High Road / M G R Cross Street: Rs 1,100 per sq.ft (2024)
• Meenatchiammal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Munuswamy Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Munuswamy Mudali Street?

The Sub Registrar Office that covers Munuswamy Mudali Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Matthur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Munuswamy Mudali Street?

The current guideline value of Munuswamy Mudali 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 44 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 2,400% over this period.

What is the land classification for Munuswamy Mudali Street?

Munuswamy Mudali Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for this street?

The Thiruvottiyur Sub Registrar Office covers Munuswamy Mudali Street and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties on Munuswamy Mudali Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000.