Guideline Value

Corporate

Guideline Value for Munthiripalayam Road

₹550/sq.ft.

The guideline value for Munthiripalayam Road in Alamathi village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alamathi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹19 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Munthiripalayam Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Munthiripalayam Road guideline value

The current guideline value of Munthiripalayam Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Alamathi village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Munthiripalayam Road has changed

The guideline value for Munthiripalayam Road has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 19 per sq.ft, which increased dramatically to Rs 200 per sq.ft by 2007. This was a substantial rise of 953%. The value then increased to Rs 500 per sq.ft in 2012, marking a 150% increase. However, it decreased to Rs 335 per sq.ft in 2017, reflecting a drop of 33%. The value then rose to Rs 500 per sq.ft in 2023, a 49% increase, and finally reached Rs 550 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 for Munthiripalayam Road. Overall, from 2003 to 2024, the guideline value has increased by 2795%.

Guideline values in Alamathi

In Alamathi, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft. The median value is Rs 550 per sq.ft, which is the same as the current guideline value for Munthiripalayam Road. Below are the guideline values for other streets in Alamathi:

Stamp duty and registration fee for property in Munthiripalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Munthiripalayam Road?

The Sub Registrar Office that covers Munthiripalayam Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Alamathi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a fixed percentage. This ensures that both parties are aware of the financial implications involved in the transaction, as the duty is based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Munthiripalayam Road?

The current guideline value of Munthiripalayam Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 19 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 2795% over this period.

What are the stamp duty and registration fees for properties on Munthiripalayam Road?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office is responsible for Munthiripalayam Road?

The Redhills Sub Registrar Office is responsible for Munthiripalayam Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Munthiripalayam Road?

The land classification for Munthiripalayam Road is Residential Class II Type - I, indicating its suitability for residential development.