Guideline Value for Munram Thiruvizha Mandapam Street

Munram Thiruvizha Mandapam Street guideline value

The current guideline value of Munram Thiruvizha Mandapam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Munram Thiruvizha Mandapam Street has changed

The guideline value for Munram Thiruvizha Mandapam Street has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in 2023, and further rose to Rs 880 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The increase from 2017 to 2023 was notable at 49%, indicating a substantial rise in the value over that period.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a guideline value for 2024 ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is the same as the current guideline value for Munram Thiruvizha Mandapam Street.

• Mudaliar Street @ Vedantham Street: Rs 880 per sq.ft (2024)
• Mottai Kulam Street: Rs 880 per sq.ft (2024)
• Naina Pillai Street: Rs 880 per sq.ft (2024)
• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Mettu Kammal Street: Rs 880 per sq.ft (2024)
• Nemanthakara Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Munram Thiruvizha Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for these fees would be Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Munram Thiruvizha Mandapam Street?

The Sub Registrar Office that covers Munram Thiruvizha Mandapam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Ist Division, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Munram Thiruvizha Mandapam Street?

The current guideline value of Munram Thiruvizha Mandapam Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Munram Thiruvizha Mandapam Street?

Munram Thiruvizha Mandapam Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Munram Thiruvizha Mandapam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Munram Thiruvizha Mandapam Street?

The 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 guideline value, the total stamp duty would be Rs 61,600.