Guideline Value for Munusamy Mudaliar Avenue Backside

Munusamy Mudaliar Avenue Backside guideline value

The current guideline value of Munusamy Mudaliar Avenue Backside is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Special Type - II.

How the guideline value of Munusamy Mudaliar Avenue Backside has changed

The guideline value for Munusamy Mudaliar Avenue Backside has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The latest revision in 2024 shows a further increase of 10%, setting the current value at Rs 3,300 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division village, there are a total of 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the current value of Munusamy Mudaliar Avenue Backside above this median.

• Munusamy Mudaliar Avenue: Rs 4,400 per sq.ft (2024)
• Mullapalayam Street: Rs 1,100 per sq.ft (2024)
• Nagaluthu Medu Arasamara Street: Rs 1,100 per sq.ft (2024)
• Nagaluthu Street: Rs 1,100 per sq.ft (2024)
• Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Mettu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Munusamy Mudaliar Avenue Backside

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Munusamy Mudaliar Avenue Backside?

The Munusamy Mudaliar Avenue Backside falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value plays a crucial role in the registration process when buying or selling property in 2nd Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Munusamy Mudaliar Avenue Backside?

The current guideline value of Munusamy Mudaliar Avenue Backside is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Munusamy Mudaliar Avenue Backside?

The land classification for Munusamy Mudaliar Avenue Backside is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.