Guideline Value for Mapupi Street, Sri Saraswathi Muthupandiyan Nagar

Mapupi Street, Sri Saraswathi Muthupandiyan Nagar guideline value

The current guideline value for Mapupi Street, Sri Saraswathi Muthupandiyan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Mapupi Street, Sri Saraswathi Muthupandiyan Nagar has changed

Over the years, the guideline value for Mapupi Street has seen several revisions. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Mapupi Street's 2024 figure is below this median, indicating that it is relatively lower compared to other streets in the area.

• Ma.Po.Si Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Maraimalaiaddikal Street /Muthumazhi Nagar: Rs 2,475 per sq.ft (2024)
• Mariadoss Compound, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Manjan Street (K.M.) / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street / Adam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Mapupi Street, Sri Saraswathi Muthupandiyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mapupi Street, Sri Saraswathi Muthupandiyan Nagar?

The Sub Registrar Office that covers Mapupi Street, Sri Saraswathi Muthupandiyan Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This ensures that all parties are informed and can make decisions based on accurate financial implications.

Frequently asked questions

What is the current guideline value of Mapupi Street?

The current guideline value of Mapupi Street, Sri Saraswathi Muthupandiyan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Mapupi Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Mapupi Street?

The Pammal Sub Registrar Office handles registrations for Mapupi Street, Sri Saraswathi Muthupandiyan Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Mapupi Street?

Mapupi Street falls under the Residential Class II Type - II land classification, indicating its designated use for residential purposes.