Guideline Value for Muniram Pandian Street

Muniram Pandian Street guideline value

The current guideline value of Muniram Pandian Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Muniram Pandian Street has changed

The guideline value for Muniram Pandian Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Muniram Pandian Street's 2024 figure above this median.

• Muniappa Lane: Rs 1,300 per sq.ft (2024)
• Muneewaran Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Muneeswaran Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Murugesan Street: Rs 2,200 per sq.ft (2024)
• Mottai Garden 9th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 8th Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Muniram Pandian Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muniram Pandian Street?

The Sub Registrar Office that covers Muniram Pandian Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Muniram Pandian Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Muniram Pandian Street?

Muniram Pandian Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Muniram Pandian Street?

The Sub Registrar Office for Muniram Pandian Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Muniram Pandian Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,98,000.