Guideline Value for Sri Munusamy Nagar Part-II

Sri Munusamy Nagar Part-II guideline value

The current guideline value of Sri Munusamy Nagar Part-II is Rs 1,000 per sq.ft. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Sri Munusamy Nagar Part-II has changed

The guideline value for Sri Munusamy Nagar Part-II has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 170 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 488%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The latest revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft, reflecting a 49% increase from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 488%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. However, Sri Munusamy Nagar Part-II is situated within this village, and there are no other streets in Ponmar under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sri Munusamy Nagar Part-II

For a plot measuring 1,000 sq.ft at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more assistance.

Which Sub Registrar Office covers Sri Munusamy Nagar Part-II?

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

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

The guideline value plays a crucial role when buying or selling property in Sri Munusamy Nagar Part-II. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

During the registration of property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sri Munusamy Nagar Part-II?

The current guideline value of Sri Munusamy Nagar Part-II is Rs 1,000 per sq.ft, as per the latest revision in 2023.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2023 seeing it rise from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft. Overall, from 2007 to 2023, the guideline value has increased by 488%.

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

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,000 per sq.ft, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Munusamy Nagar Part-II?

The Gooduvancheri Sub Registrar Office covers Sri Munusamy Nagar Part-II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar listed under the Gooduvancheri SRO with specific guideline values provided.