Guideline Value for MUNDAKKANNI AMMAN KOIL 3RD LANE

Mundakkanni Amman Koil 3rd Lane guideline value

The current guideline value of Mundakkanni Amman Koil 3rd Lane is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the jurisdiction of the Mylapore SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Mundakkanni Amman Koil 3rd Lane has changed

Over the years, the guideline value of Mundakkanni Amman Koil 3rd Lane has seen significant changes. In 2002, the guideline value was Rs 960 per sq.ft, which increased to Rs 1,067 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,540 per sq.ft in 2007, a substantial increase of 44%. By 2012, the value had jumped to Rs 11,000 per sq.ft, reflecting an impressive increase of 614%. This figure remained the same until the 2023 revision, where it was again Rs 11,000 per sq.ft.

The most recent revision in 2024 saw the guideline value rise to Rs 12,100 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1160%. It is important to note that the register has no figure for this street for the year 2017.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing the 2024 guideline value of Mundakkanni Amman Koil 3rd Lane above this median.

• Mundakkanni Amman Koil 2nd Lane: Rs 8,200 per sq.ft (2024)
• Mundakkanni Amman Koil 4th Lane: Rs 12,100 per sq.ft (2024)
• Mundakkanni Amman Koil 1st Lane: Rs 8,200 per sq.ft (2024)
• Mundakkanni Amman Koil 5th Lane: Rs 8,200 per sq.ft (2024)
• Mundakkanni Amman Koil Street: Rs 12,100 per sq.ft (2024)
• Munusamy Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mundakkanni Amman Koil 3rd Lane

For a 1,000 sq.ft plot at the current rate of Rs 12,100 per sq.ft, the guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total to Rs 10,89,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mundakkanni Amman Koil 3rd Lane?

The Sub Registrar Office that covers Mundakkanni Amman Koil 3rd Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate taxes are levied based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to calculate stamp duty and registration fees accurately. This ensures compliance with local regulations and helps avoid any legal complications during the transaction.

Frequently asked questions

What is the current guideline value of Mundakkanni Amman Koil 3rd Lane?

The current guideline value of Mundakkanni Amman Koil 3rd Lane is Rs 12,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 960 per sq.ft in 2002 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 1160% over this period.

What is the stamp duty for property in Mundakkanni Amman Koil 3rd Lane?

The stamp duty for property in Mundakkanni Amman Koil 3rd Lane is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Mylapore?

The Mylapore Sub Registrar Office handles property registrations in Mylapore, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

Where can I find more information about guideline values in Mylapore?

For more information about guideline values in Mylapore, you can refer to the Registration Department's guideline value register (TNReginet).