Guideline Value for Sajja Munusamy 1st lane

Sajja Munusamy 1st lane guideline value

The current guideline value of Sajja Munusamy 1st lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This lane is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sajja Munusamy 1st lane has changed

The guideline value for Sajja Munusamy 1st lane has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are a total of 1,384 streets under the Royapuram SRO that carry a 2024 guideline value. The values range from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Sajja Munusamy 1st lane is above this median.

• Sajja Munusamy 2nd lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 3rd ane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 4th lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 5th lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 6th lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 7th lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sajja Munusamy 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please 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 details.

Which Sub Registrar Office covers Sajja Munusamy 1st lane?

The Sajja Munusamy 1st lane falls under the Royapuram Sub Registrar Office located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Sajja Munusamy 1st lane?

The current guideline value of Sajja Munusamy 1st lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 2,000 per sq.ft to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024.

What is the land classification for Sajja Munusamy 1st lane?

Sajja Munusamy 1st lane is classified as Residential Class I Type - I.

Which office handles registrations for Sajja Munusamy 1st lane?

The Royapuram Sub Registrar Office handles registrations for Sajja Munusamy 1st lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.