Guideline Value for Munuswamy Naidu Street

Munuswamy Naidu Street guideline value

The current guideline value of Munuswamy Naidu Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Munuswamy Naidu Street has changed

The guideline value for Munuswamy Naidu Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017 before rising again to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for 2002 and 2003 do not have figures listed in the register for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Munuswamy Naidu Street.

• Munuswamy Street: Rs 1,650 per sq.ft (2024)
• Muthtamil Nagar: Rs 1,320 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 1,320 per sq.ft (2024)
• Mount Street: Rs 1,100 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 8 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Munuswamy Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Munuswamy Naidu Street?

The Sub Registrar Office that covers Munuswamy Naidu Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the 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 Kadaperi

The guideline value plays a crucial role in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Munuswamy Naidu Street?

The current guideline value of Munuswamy Naidu Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Munuswamy Naidu Street?

Munuswamy Naidu Street is classified as Residential Class I Type - II.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft property, the total fees would amount to Rs 1,48,500.

Where can I find the Sub Registrar Office for Munuswamy Naidu Street?

The Tambaram Joint 1 Sub Registrar Office covers Munuswamy Naidu Street, located at No.26, mes Road, East Tambaram, Chennai-600059.