Guideline Value for Sajja Munusamy 3rd ane

Sajja Munusamy 3rd ane guideline value

The current guideline value of Sajja Munusamy 3rd ane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sajja Munusamy 3rd ane has changed

Over the years, the guideline value for Sajja Munusamy 3rd ane has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, marking a decline of 33%. However, the most recent revision in 2024 has seen a significant increase to Rs 2,200 per sq.ft, which is a rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. This lack of data indicates that the guideline value remained unrecorded during those years.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing Sajja Munusamy 3rd ane's 2024 figure above that median.

• Sajja Munusamy 2nd lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 4th lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 1st 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 3rd ane

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 22,00,000. The stamp duty, calculated at 7%, amounts to Rs 1,54,000, while the registration fee at 2% is Rs 44,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sajja Munusamy 3rd ane?

The Sajja Munusamy 3rd ane is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the overall costs involved in the registration process. Buyers and sellers should ensure they are informed about the current guideline values to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value for Sajja Munusamy 3rd ane?

The current guideline value for Sajja Munusamy 3rd ane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

Are there any years without recorded guideline values for this street?

Yes, there are no recorded guideline values for Sajja Munusamy 3rd ane in the years 2002, 2003, 2007, and 2023.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sajja Munusamy 3rd ane?

The registration for Sajja Munusamy 3rd ane is handled by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.