Guideline Value for Munusamy Koil Street

Munusamy Koil Street guideline value

The current guideline value of Munusamy Koil Street is Rs 1,002 per sq.ft. This street is located in Menambedu village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Munusamy Koil Street has changed

The guideline value for Munusamy Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,002 per sq.ft, showing no change from the previous year.

In terms of percentage changes, the guideline value increased by 113% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 43%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, indicating that the guideline value for Munusamy Koil Street is slightly below this median.

• Narasiman Street: Rs 1,001 per sq.ft (2024)
• Narayanan Nagar: Rs 1,002 per sq.ft (2024)
• Narayanan Nagar - 1st Street: Rs 1,002 per sq.ft (2024)
• Narayanan Street: Rs 1,300 per sq.ft (2024)
• Menambedu T.B. Colony: Rs 1,300 per sq.ft (2024)
• Meenakshi School Road (Gnana Moorthy Nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Munusamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, leading to a total of Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Munusamy Koil Street?

The Sub Registrar Office that covers Munusamy Koil 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, thereby protecting both the buyer and seller's interests. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Munusamy Koil Street?

The current guideline value of Munusamy Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,002 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Munusamy Koil Street?

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

What are the stamp duty and registration fees for a property in Munusamy Koil Street?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180. These fees are calculated based on the guideline value or the sale price, whichever is higher.

What other streets are in Menambedu?

Other streets in Menambedu include Narasiman Street, Narayanan Nagar, Narayanan Nagar - 1st Street, Narayanan Street, Menambedu T.B. Colony, and Meenakshi School Road (Gnana Moorthy Nagar), each with their respective guideline values.