Guideline Value for Mungil Lake (10th Street)

Mungil Lake (10th Street) guideline value

The current guideline value for Mungil Lake (10th Street) is not published; it was last notified at Rs 360 per sq.ft in the 2007 revision. This street is located in Pammal village, under the Pammal SRO, and is classified as Govt. Others.

How the guideline value of Mungil Lake (10th Street) has changed

In the 2002 revision, the guideline value was set at Rs 188 per sq.ft. This increased to Rs 213 per sq.ft in the 2003 revision, marking a change of +13%. By the 2007 revision, the value rose significantly to Rs 360 per sq.ft, which represents an increase of +69% from the previous revision. Overall, from 2002 to 2007, the guideline value increased by +91%.

The register does not have figures for the years 2012, 2017, 2023, and 2024 for Mungil Lake (10th Street).

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, indicating where Mungil Lake (10th Street) stands in comparison to other streets.

• Munuadhi Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Munuadhi Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Munuswamy Mestri Street: Rs 1,760 per sq.ft (2024)
• Munuswamy Street (Cho) / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Munuswamy Street / Thiruvallur Nagar: Rs 2,475 per sq.ft (2024)
• Munuswamy Street / Veeraswamy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mungil Lake (10th Street)

There is no current rate for Mungil Lake (10th Street) to calculate stamp duty and registration fees. The duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mungil Lake (10th Street)?

The Sub Registrar Office that covers Mungil Lake (10th Street) 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 details.

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

The guideline value is a critical factor when buying or selling property in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in the transaction process.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware of the guideline value to ensure they are paying the correct fees based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Mungil Lake (10th Street)?

The current guideline value for Mungil Lake (10th Street) is not published; the last notified rate was Rs 360 per sq.ft in the 2007 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 188 per sq.ft in 2002 to Rs 213 per sq.ft in 2003, and then to Rs 360 per sq.ft in 2007. There are no figures available for the years 2012, 2017, 2023, and 2024.

What is the land classification for Mungil Lake (10th Street)?

Mungil Lake (10th Street) is classified under the land category of Govt. Others. This classification is important for understanding the regulatory framework for the property.

Where can I find the Sub Registrar Office for Mungil Lake (10th Street)?

The Sub Registrar Office for Mungil Lake (10th Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What factors influence the guideline value in Pammal?

The guideline value in Pammal is influenced by various factors, including the location, land classification, and historical revisions. Each street has its own guideline value, which is periodically revised by the Registration Department.