Guideline Value for Muniappan Street

Muniappan Street guideline value

The current guideline value of Muniappan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Muniappan Street has changed

The guideline value for Muniappan Street has seen significant changes over the years. In the 2003 revision, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a notable jump to Rs 1,340 per sq.ft, followed by a further increase to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 605%. It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Muniappan Street's 2024 figure below this median.

• Muniyapillai Street: Rs 2,200 per sq.ft (2024)
• Murugan Street: Rs 2,200 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 2,420 per sq.ft (2024)
• Muthurangam Street: Rs 2,200 per sq.ft (2024)
• Muthuthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Nagappa Nagar 1st Cross Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muniappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muniappan Street?

The Muniappan Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muniappan Street?

The current guideline value of Muniappan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 605% over this period.

What is the median guideline value of streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which is higher than the current value of Muniappan Street.

What are the stamp duty and registration fees for Muniappan Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Muniappan Street?

The Pammal Sub Registrar Office handles the registration for Muniappan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.