Guideline Value for MUNDAKKANNI AMMAN KOIL 4TH LANE

Mundakkanni Amman Koil 4th Lane guideline value

The current guideline value of Mundakkanni Amman Koil 4th Lane is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - II.

How the guideline value of Mundakkanni Amman Koil 4th Lane has changed

The guideline value for Mundakkanni Amman Koil 4th Lane has seen significant changes over the years. In 2002, the value was Rs 960 per sq.ft. This increased to Rs 1,067 per sq.ft in 2003, marking an 11% rise. The value then rose by 44% to Rs 1,540 per sq.ft in 2007. Following that, there was a substantial increase of 614%, bringing the value to Rs 11,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 7,370 per sq.ft. The guideline value then saw a significant increase of 49% to Rs 11,000 per sq.ft in 2023, before rising again by 10% to the current value of Rs 12,100 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1160%. There are no figures available in the register for the years that do not have a specified value for this street.

Guideline values in Mylapore

Mylapore village has a range of guideline values, with 883 streets under the Mylapore SRO carrying a 2024 figure ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, and Mundakkanni Amman Koil 4th Lane's 2024 figure is above that median.

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

Stamp duty and registration fee for property in Mundakkanni Amman Koil 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be 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, making the total fees together Rs 10,89,000. 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 more details.

Which Sub Registrar Office covers Mundakkanni Amman Koil 4th Lane?

The Sub Registrar Office that covers Mundakkanni Amman Koil 4th Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is crucial to consider the guideline value during negotiations, as it can affect the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Mundakkanni Amman Koil 4th Lane?

The current guideline value of Mundakkanni Amman Koil 4th Lane is Rs 12,100 per sq.ft, effective from 1 July 2024.

How 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, marking an overall increase of 1160% over the years.

What is the registration fee for property in Mundakkanni Amman Koil 4th Lane?

The registration fee for property in Mundakkanni Amman Koil 4th Lane is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the registration fee would be Rs 2,42,000.

Where can I find the Sub Registrar Office for Mundakkanni Amman Koil 4th Lane?

The Sub Registrar Office for Mundakkanni Amman Koil 4th Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the stamp duty rate for properties in Mylapore?

The stamp duty rate for properties in Mylapore is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000.