Guideline Value for Munusami Street

Munusami Street guideline value

The current guideline value of Munusami Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Munusami Street has changed

The guideline value for Munusami Street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 800 per sq.ft in 2023, and most recently, it rose to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Munusami Street's 2024 figure above this median.

• Mullai Nager Vanaja Street: Rs 1,200 per sq.ft (2024)
• Mullai Nager Subramani Street: Rs 1,200 per sq.ft (2024)
• Mullai Nager Singaram Street: Rs 1,200 per sq.ft (2024)
• Mullai Nager Shankara Subbu Street: Rs 1,200 per sq.ft (2024)
• Mullai Nager Rathinam Street: Rs 1,200 per sq.ft (2024)
• Mullai Nager Krishnan Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Munusami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Munusami Street?

The Sub Registrar Office that covers Munusami Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value will influence the stamp duty and registration fees payable, as these are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the buyer and seller comply with the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Munusami Street?

The current guideline value of Munusami 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 are the stamp duty and registration fees for properties on Munusami Street?

For a property of 1,000 sq.ft at the current guideline value, the total charges including stamp duty and registration fees amount to Rs 79,200.

Which Sub Registrar Office is responsible for Munusami Street?

The Ambattur Sub Registrar Office is responsible for Munusami Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft, with Munusami Street's 2024 figure of Rs 880 per sq.ft being above this median.