Guideline Value for Mungil Lake (2nd Street)

Mungil Lake (2nd Street) guideline value

The current guideline value for Mungil Lake (2nd 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 Government Others land.

How the guideline value of Mungil Lake (2nd Street) has changed

In the 2002 revision, the guideline value for Mungil Lake (2nd Street) 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 recent figure available is from the 2007 revision, where the value rose to Rs 360 per sq.ft, reflecting a significant increase of +69% from the previous revision. Overall, from 2002 to 2007, the guideline value increased by +91%.

The register has no figures 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, which 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. Mungil Lake (2nd Street) does not currently have a published rate.

• 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 (2nd Street)

Currently, there is no guideline value for Mungil Lake (2nd Street) to reference for stamp duty and registration fees. Stamp duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mungil Lake (2nd Street)?

The Sub Registrar Office that covers Mungil Lake (2nd Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role in property transactions in Pammal. It is used as a reference point for determining the stamp duty and registration fees during the buying or selling process. When registering a property, the guideline value is considered to ensure that the transaction is documented correctly.

In the event that the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that both the buyer and seller are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value for Mungil Lake (2nd Street)?

The current guideline value for Mungil Lake (2nd 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?

Since 2002, the guideline value for Mungil Lake (2nd Street) has seen an increase from Rs 188 per sq.ft to Rs 360 per sq.ft in 2007. There were no figures available for the revisions in 2012, 2017, 2023, and 2024.

What is the land classification for Mungil Lake (2nd Street)?

Mungil Lake (2nd Street) is classified as Government Others land. This classification can affect various aspects of property transactions and development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the Pammal area.

How is stamp duty calculated for properties in Pammal?

Stamp duty in Pammal is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the registration reflects the true value of the transaction.