Guideline Value for Munu Adhi Nagar

Munu Adhi Nagar guideline value

The current guideline value of Munu Adhi Nagar is Rs 2,986 per sq.ft, as per the 2023 revision. This area falls under Nalambakkam village and is classified as Residential Class I Type - II. The relevant registration office for this locality is the Gooduvancheri Sub Registrar Office.

How the guideline value of Munu Adhi Nagar has changed

In the 2017 revision, the guideline value for Munu Adhi Nagar was Rs 2,000 per sq.ft. This figure increased to Rs 2,986 per sq.ft in the 2023 revision, marking a significant change of 49%. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions for Munu Adhi Nagar are from 2017 and 2023, showing a clear upward trend in the guideline value during this period. The absence of figures for other years indicates that no updates were recorded for this street in those revisions.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Munu Adhi Nagar is the only street mentioned under the Gooduvancheri SRO in this context.

Stamp duty and registration fee for property in Munu Adhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,986 per sq.ft, the total guideline value would be Rs 29,86,000. The stamp duty at 7% would amount to Rs 2,09,020, while the registration fee at 2% would be Rs 59,720. Therefore, the total cost for stamp duty and registration fees would be Rs 2,68,740. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Munu Adhi Nagar?

The Sub Registrar Office that covers Munu Adhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the minimum value at which property transactions are registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value of Munu Adhi Nagar?

The current guideline value of Munu Adhi Nagar is Rs 2,986 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 2,000 per sq.ft to Rs 2,986 per sq.ft, which is a change of 49%.

Are there any guideline values for years other than 2017 and 2023?

No, the register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Munu Adhi Nagar.

What are the stamp duty and registration fees for a property in Munu Adhi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 29,86,000. The stamp duty would be Rs 2,09,020, and the registration fee would be Rs 59,720, totaling Rs 2,68,740.

Where is the Sub Registrar Office for Munu Adhi Nagar located?

The Gooduvancheri Sub Registrar Office, which covers Munu Adhi Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.