Guideline Value for M.K.Stalin Street

M.K.Stalin Street guideline value

The current guideline value of M.K.Stalin Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is classified under Residential Class I Type - II and falls under the Pammal Sub Registrar Office (SRO).

How the guideline value of M.K.Stalin Street has changed

The guideline value for M.K.Stalin Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. With the latest revision in 2024, the value has further increased to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for M.K.Stalin Street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, which is the same as the guideline value for M.K.Stalin Street.

• Millima Nagar: Rs 1,320 per sq.ft (2024)
• Moobika Nagar: Rs 1,320 per sq.ft (2024)
• M.G.R. Street: Rs 1,320 per sq.ft (2024)
• Moorthi Street: Rs 1,320 per sq.ft (2024)
• Moovar Nagar: Rs 1,320 per sq.ft (2024)
• Murugan Street (4): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in M.K.Stalin Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers M.K.Stalin Street?

The M.K.Stalin Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is an essential factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of M.K.Stalin Street?

The current guideline value of M.K.Stalin Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, which is a total increase of 64% over these years.

What are the stamp duty and registration fees for property in M.K.Stalin Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for M.K.Stalin Street?

The Pammal Sub Registrar Office handles the registration for M.K.Stalin Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of M.K.Stalin Street?

M.K.Stalin Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.