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Guideline Value

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Guideline Value for Munusamy Reddy Colony 5th Main Road

₹2700/sq.ft.

The guideline value for Munusamy Reddy Colony 5th Main Road 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 5th Main Road

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Munusamy Reddy Colony 5th Main Road guideline value

The current guideline value of Munusamy Reddy Colony 5th Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Munusamy Reddy Colony 5th Main Road has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change is also an increase of 8%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value for Munusamy Reddy Colony 5th Main Road.

Stamp duty and registration fee for property in Munusamy Reddy Colony 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total charges Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Munusamy Reddy Colony 5th Main Road?

The Sub Registrar Office that covers Munusamy Reddy Colony 5th Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these fees are based on a standardized value rather than the sale price alone.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which is essential for legal and financial transactions. This ensures transparency in the property market within the region.

Frequently asked questions

What is the current guideline value for Munusamy Reddy Colony 5th Main Road?

The current guideline value for Munusamy Reddy Colony 5th Main Road 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 increase of 8%. There were no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

What is the land classification of Munusamy Reddy Colony 5th Main Road?

Munusamy Reddy Colony 5th Main Road is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for this area?

The Madhavaram Sub Registrar Office handles the registration for Munusamy Reddy Colony 5th Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.