Guideline Value for Munusamy Street

Munusamy Street guideline value

The current guideline value of Munusamy Street is Rs 1,500 per sq.ft. This street is located in Vandalur village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Munusamy Street has changed

The guideline value for Munusamy Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged in the subsequent 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,500 per sq.ft again, reflecting a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 1,500 per sq.ft. It is important to note that the guideline value register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Munusamy Street falls under the Gooduvancheri SRO, which oversees the registration of properties in this area.

Stamp duty and registration fee for property in Munusamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. 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 Street?

The Sub Registrar Office that covers Munusamy Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions as per the government regulations. This ensures transparency and compliance with legal requirements in property dealings.

Frequently asked questions

What is the current guideline value of Munusamy Street?

The current guideline value of Munusamy Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,500 per sq.ft to Rs 1,005 per sq.ft. However, it increased back to Rs 1,500 per sq.ft in the 2023 revision.

What is the land classification for Munusamy Street?

Munusamy Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the fees involved in registering property in Munusamy Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Where is the Sub Registrar Office for Munusamy Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.