Guideline Value for Munuadhi Street / Thiruvalluvar Nagar

Munuadhi Street / Thiruvalluvar Nagar guideline value

The current guideline value of Munuadhi Street / Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Munuadhi Street / Thiruvalluvar Nagar has changed

The guideline value for Munuadhi Street / Thiruvalluvar Nagar has seen significant changes over the years. Starting from Rs 230 per sq.ft in 2002, it increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value reached Rs 360 per sq.ft, reflecting a 38% increase from the previous revision. However, there was no figure available for the years 2012 and 2017. The next revision in 2023 saw a substantial jump to Rs 2,250 per sq.ft, which was a 525% increase from the 2007 figure. The latest revision in 2024 raised the guideline value to Rs 2,475 per sq.ft, a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 976%, highlighting the considerable changes in property valuation over the years.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Munuadhi Street / Thiruvalluvar Nagar above this median.

• Munuadhi Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Munuswamy Mestri Street: Rs 1,760 per sq.ft (2024)
• Munuswamy Street (Cho) / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Munuswamy Street / Thiruvallur Nagar: Rs 2,475 per sq.ft (2024)
• Munuswamy Street /Veeraswamy Nagar: Rs 1,980 per sq.ft (2024)
• Murdasa Street / Lord Srinivasa Colony: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Munuadhi Street / Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Munuadhi Street / Thiruvalluvar Nagar?

The Sub Registrar Office that covers Munuadhi Street / Thiruvalluvar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Munuadhi Street / Thiruvalluvar Nagar?

The current guideline value of Munuadhi Street / Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 976% over the years.

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

Other streets in Pammal include Munuadhi Street / Pasumpon Nagar at Rs 1,980 per sq.ft, Munuswamy Mestri Street at Rs 1,760 per sq.ft, and Munuswamy Street (Cho) / Muthamzhi Nagar at Rs 2,475 per sq.ft, among others.

What fees are associated with property transactions in Munuadhi Street / Thiruvalluvar Nagar?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750. These fees are calculated based on the guideline value.

Where can I find the Sub Registrar Office for Munuadhi Street / Thiruvalluvar Nagar?

The Pammal Sub Registrar Office covers Munuadhi Street / Thiruvalluvar Nagar and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.