Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Munusamy Reddy Colony 1st Cross Street

₹2700/sq.ft.

The guideline value for Munusamy Reddy Colony 1st Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Munusamy Reddy Colony 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Munusamy Reddy Colony 1st Cross Street guideline value

The current guideline value of Munusamy Reddy Colony 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Munusamy Reddy Colony 1st Cross Street has changed

Looking at the revisions, the guideline value for this street was Rs 2,500 per sq.ft in 2012 and remained unchanged through to 2023. In the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. The overall change from 2012 to 2024 is also an increase of 8%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street, indicating that the guideline value remained constant during those years.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a guideline value range from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value across these streets is Rs 2,700 per sq.ft, which is equal to the current value for Munusamy Reddy Colony 1st Cross Street.

Stamp duty and registration fee for property in Munusamy Reddy Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Munusamy Reddy Colony 1st Cross Street?

The Sub Registrar Office that covers Munusamy Reddy Colony 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the registration fees and stamp duty payable when buying or selling property. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation of the property. This helps maintain transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value for Munusamy Reddy Colony 1st Cross Street?

The current guideline value for Munusamy Reddy Colony 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall change of 8% over this period.

What is the land classification for this street?

Munusamy Reddy Colony 1st Cross Street is classified as Residential Class I Type - I under the Madhavaram SRO.

Where can I find the registration office for this area?

The registration office for Munusamy Reddy Colony 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the 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, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,89,000.