Guideline Value for Munusamy Mudaliar Avenue

Munusamy Mudaliar Avenue guideline value

The current guideline value of Munusamy Mudaliar Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Commercial Class I Type - III.

How the guideline value of Munusamy Mudaliar Avenue has changed

The guideline value for Munusamy Mudaliar Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then dropped to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and subsequently rose to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest 10%. Notably, the value surged by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division, there are 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, with a median value of Rs 1,650 per sq.ft. The guideline value of Munusamy Mudaliar Avenue is above this median.

• Munusamy Mudaliar Avenue Backside: Rs 3,300 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Munusamy Mudaliar Avenue?

The Sub Registrar Office that covers Munusamy Mudaliar Avenue is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point for property transactions in the 2nd Division. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Munusamy Mudaliar Avenue?

The current guideline value of Munusamy Mudaliar Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Munusamy Mudaliar Avenue?

The Kanchipuram Joint IV Sub Registrar Office is responsible for registrations in Munusamy Mudaliar Avenue, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Munusamy Mudaliar Avenue?

Munusamy Mudaliar Avenue is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.