Guideline Value for MOOKANIAMMAN 1 TO 11 STREETS

Mookaniamman 1 To 11 Streets guideline value

The current guideline value for Mookaniamman 1 To 11 Streets in Thirusulam village, under the Pallavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Mookaniamman 1 To 11 Streets has changed

Over the years, the guideline value for Mookaniamman 1 To 11 Streets has seen several revisions. The earliest recorded figure in 2012 was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. However, the value increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the value has increased by 10%. The fluctuations in these revisions reflect adjustments in property valuation over the years.

Guideline values in Thirusulam

In Thirusulam, there are a total of 74 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,940 per sq.ft, placing Mookaniamman 1 To 11 Streets above this median.

• Mookanaimman Koil Main Road: 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 Mookaniamman 1 To 11 Streets

For a property measuring 1,000 sq.ft at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mookaniamman 1 To 11 Streets?

The Mookaniamman 1 To 11 Streets fall under the jurisdiction of 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 a crucial factor in the registration of property transactions in Thirusulam. It serves as a benchmark for assessing the value of properties and is used to calculate the stamp duty and registration fees that buyers must pay. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Mookaniamman 1 To 11 Streets?

The current guideline value for Mookaniamman 1 To 11 Streets 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 currently stands at Rs 2,200 per sq.ft in 2024.

What is the land classification for Mookaniamman 1 To 11 Streets?

The land classification for Mookaniamman 1 To 11 Streets is Residential Class II Type - II.

Where can I find the registration office for Mookaniamman 1 To 11 Streets?

The registration office for Mookaniamman 1 To 11 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Thirusulam?

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