Guideline Value for SRI MUNNUSAMY NAGAR

Sri Munnusamy Nagar guideline value

The current guideline value of Sri Munnusamy Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kalivanthapattu village, under the Thiruporur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Munnusamy Nagar has changed

The guideline value for Sri Munnusamy Nagar has remained consistent over recent revisions. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which is the same as the current 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from the 2023 revision to the 2024 revision, there has been no change, reflecting a stable guideline value of Rs 600 per sq.ft throughout this period.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 605 per sq.ft, making the guideline value of Sri Munnusamy Nagar lower than the median.

• Sri Nagar: Rs 450 per sq.ft (2024)
• Sri Kuberan Avenue: Rs 450 per sq.ft (2024)
• Sri Krishna Nagar: Rs 605 per sq.ft (2024)
• Sri Aishwaryam Nagar: Rs 896 per sq.ft (2024)
• Sundrapuram: Rs 600 per sq.ft (2024)
• Thirunagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Munnusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. Please note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Munnusamy Nagar?

The Sub Registrar Office that covers Sri Munnusamy Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kalivanthapattu. It serves as the basis for calculating the stamp duty and registration fees that are required during the transaction.

When you register a property, the guideline value helps determine the official value of the property for tax purposes. This ensures that the fees collected are based on a standardized value, providing clarity and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Munnusamy Nagar?

The current guideline value of Sri Munnusamy Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2023 revision, with no changes noted in the previous revisions for this street from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Munnusamy Nagar?

Sri Munnusamy Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for a property in Sri Munnusamy Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Munnusamy Nagar located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, and it covers Sri Munnusamy Nagar.