Guideline Value for Mungil Lake (1st Street)

Mungil Lake (1st Street) guideline value

The current guideline value for Mungil Lake (1st Street) in Pammal village is not published; it was last notified at Rs 360 per sq.ft in the 2007 revision. The land classification for this street is categorized as Govt. Others, and it falls under the Pammal SRO.

How the guideline value of Mungil Lake (1st Street) has changed

The guideline value for Mungil Lake (1st Street) has undergone several revisions over the years. 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%. The most significant increase occurred in the 2007 revision, where the rate reached Rs 360 per sq.ft, representing a +69% change from the previous revision.

Overall, from the 2002 revision to the 2007 revision, the guideline value increased by +91%. It is important to note that there are no figures available for the revisions in 2012, 2017, 2023, and 2024 for Mungil Lake (1st Street).

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft, and the median value being Rs 2,090 per sq.ft. Mungil Lake (1st Street) currently does not have a published rate for 2024.

• 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 (1st Street)

As there is no current rate for Mungil Lake (1st Street), a worked example cannot be provided. 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 more information.

Which Sub Registrar Office covers Mungil Lake (1st Street)?

The Sub Registrar Office that covers Mungil Lake (1st 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 crucial factor during the registration of property transactions in Pammal. It serves as a reference point for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal framework surrounding property transactions. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Mungil Lake (1st Street)?

The current guideline value for Mungil Lake (1st Street) is not published; it was last notified at Rs 360 per sq.ft in the 2007 revision.

How has the guideline value changed over the years?

The guideline value for Mungil Lake (1st 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.

What is the land classification for Mungil Lake (1st Street)?

The land classification for Mungil Lake (1st 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 stamp duty calculated for properties in Mungil Lake (1st Street)?

Stamp duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator available online.