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Guideline Value

Corporate

Guideline Value for Munsif Sundaram Avenue

₹4900/sq.ft.

The guideline value for Munsif Sundaram Avenue in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4400 per sq.ft from 1 April 2023, a 11% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Munsif Sundaram Avenue

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Munsif Sundaram Avenue guideline value

The current guideline value of Munsif Sundaram Avenue is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Mixed Type - I land.

How the guideline value of Munsif Sundaram Avenue has changed

Starting from the oldest revision, the guideline value for Munsif Sundaram Avenue was Rs 3,000 per sq.ft in 2017. This figure increased to Rs 4,400 per sq.ft in 2023, marking a significant rise of 47%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, which is an increase of 11% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. Munsif Sundaram Avenue's 2024 figure of Rs 4,900 per sq.ft is above this median.

Stamp duty and registration fee for property in Munsif Sundaram Avenue

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value is Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. Please note that the 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 Munsif Sundaram Avenue?

The Sub Registrar Office that covers Munsif Sundaram Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chemmancheri. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The rates are set by the Registration Department and are subject to periodic revisions.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used to calculate applicable duties and fees.

Frequently asked questions

What is the current guideline value of Munsif Sundaram Avenue?

The current guideline value of Munsif Sundaram Avenue is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2023, and then to Rs 4,900 per sq.ft in 2024. This represents a total increase of 63% from 2017 to 2024.

What are the other streets in Chemmancheri and their guideline values?

Other streets in Chemmancheri include Mumthaj Garden at Rs 1,800 per sq.ft, M/S Suel India Marketing Co at Rs 2,800 per sq.ft, and M/S Santhiya Garden at Rs 3,300 per sq.ft, among others.

How is stamp duty calculated for properties in Munsif Sundaram Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 4,41,000.

Where can I find the Sub Registrar Office for Munsif Sundaram Avenue?

The Sub Registrar Office for Munsif Sundaram Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.