Guideline Value for Children Street, Muthamiaz Nagar

Children Street, Muthamiaz Nagar guideline value

The current guideline value of Children Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Children Street, Muthamiaz Nagar has changed

The guideline value for Children Street has seen significant revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,507 per sq.ft. This increased to Rs 2,250 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in the village is Rs 2,090 per sq.ft, placing Children Street's 2024 value above this median.

• Chettshop Lane, Thiru Nagar: Rs 1,980 per sq.ft (2024)
• Chettshop Lane, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Cheran Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Cholan Street / Muthamzahi Nagar: Rs 2,475 per sq.ft (2024)
• Cholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Cholavaram Nagar,1st Street,: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Children Street, Muthamiaz Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value is Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Children Street, Muthamiaz Nagar?

The Sub Registrar Office that covers Children Street, Muthamiaz Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Children Street, Muthamiaz Nagar?

The current guideline value of Children Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

From 2017 to 2024, the guideline value increased from Rs 1,507 per sq.ft to Rs 2,475 per sq.ft, representing a total increase of 64%. The value rose from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, a 10% increase.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft as of 2024. Children Street's guideline value is above this median.

What are the stamp duty and registration fees for a property in Children Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 24,75,000. The stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Where is the Sub Registrar Office for Children Street, Muthamiaz Nagar located?

The Sub Registrar Office for Children Street, Muthamiaz Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.