Guideline Value for MOOKANAIMMAN KOIL MAIN ROAD

Mookanaimman Koil Main Road guideline value

The current guideline value of Mookanaimman Koil Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Thirusulam village under the Pallavaram SRO and is classified as Residential Class II Type - II.

How the guideline value of Mookanaimman Koil Main Road has changed

The guideline value for Mookanaimman Koil Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, marking a 10% rise.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft, with a median value of Rs 1,940 per sq.ft. The guideline value of Mookanaimman Koil Main Road is above this median.

• Mookaniamman 1 To 11 Streets: Rs 2,200 per sq.ft (2024)
• Muneswaran Koil Mettu Street: Rs 1,080 per sq.ft (2024)
• Muneswaran Koil Street: Rs 1,100 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• Mangala Vinayakar Kiol Street: Rs 1,320 per sq.ft (2024)
• Mangala Vinayagar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Mookanaimman Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mookanaimman Koil Main Road?

The Sub Registrar Office that covers Mookanaimman Koil Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Mookanaimman Koil Main Road?

The current guideline value of Mookanaimman Koil Main Road 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, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Mookanaimman Koil Main Road?

Mookanaimman Koil Main Road is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Mookanaimman Koil Main Road?

The Pallavaram Sub Registrar Office covers Mookanaimman Koil Main Road and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

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