Guideline Value for Mungil Lake (11th Street)

Mungil Lake (11th Street) guideline value

The current guideline value for Mungil Lake (11th Street) in Pammal village, under the Pammal SRO, is not published. The last notified rate was Rs 360 per sq.ft in the 2007 revision, and the land classification is categorized as Govt. Others.

How the guideline value of Mungil Lake (11th Street) has changed

The guideline value for Mungil Lake (11th Street) has seen several revisions since 2002. In the 2002 revision, the rate was 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 to Rs 360 per sq.ft, which is an increase of +69% from the previous revision. Overall, from 2002 to 2007, the guideline value increased by +91%.

There are no figures available for the revisions in 2012, 2017, 2023, and 2024 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 figure ranging from Rs 880 to Rs 3,300 per sq.ft, with a median of Rs 2,090 per sq.ft. Mungil Lake (11th Street) does not have a current rate, but it is important to note the rates of other streets in Pammal.

• 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 (11th Street)

There is no current rate for Mungil Lake (11th Street) to provide a worked example. However, stamp 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 further assistance.

Which Sub Registrar Office covers Mungil Lake (11th Street)?

The Sub Registrar Office that covers Mungil Lake (11th 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 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. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and that both parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value for Mungil Lake (11th Street)?

The current guideline value for Mungil Lake (11th 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 for Mungil Lake (11th Street) increased 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 revisions in 2012, 2017, 2023, and 2024 for this street.

What is the land classification for Mungil Lake (11th Street)?

The land classification for Mungil Lake (11th Street) is categorized as Govt. Others.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is charged on the higher of the guideline value and the sale price of the property. This ensures that the registration process is fair and transparent for all parties involved.