Guideline Value for Mungil Lake (3rd Street)

Mungil Lake (3rd Street) guideline value

The current guideline value for Mungil Lake (3rd 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, with a land classification of Govt. Others.

How the guideline value of Mungil Lake (3rd Street) has changed

The guideline value for Mungil Lake (3rd Street) has undergone several revisions since 2002. In the 2002 revision, the guideline value 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 change occurred between the 2003 and 2007 revisions, where the value rose to Rs 360 per sq.ft, reflecting an increase of +69%. Overall, from 2002 to 2007, the guideline value increased by +91%.

It is important to note that there are no figures available for the years 2012, 2017, 2023, and 2024 for Mungil Lake (3rd Street). This means that the current status of the guideline value remains unchanged since the last published rate in 2007.

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. Mungil Lake (3rd Street) remains without a current rate, placing it outside the range of the other streets in the area.

• 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 (3rd Street)

As there is no current rate for Mungil Lake (3rd Street), a worked example cannot be provided. However, it is important to note that 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 (3rd Street)?

The Sub Registrar Office that covers Mungil Lake (3rd 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 is a critical factor in property transactions in Pammal. It serves as a basis for calculating stamp duty and registration fees during the buying or selling process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mungil Lake (3rd Street)?

The current guideline value for Mungil Lake (3rd 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 (3rd Street) was Rs 188 per sq.ft in 2002, Rs 213 per sq.ft in 2003, and 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 (3rd Street)?

The land classification for Mungil Lake (3rd Street) is classified as Govt. Others. This classification is important for understanding the regulations and guidelines applicable to the property.

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 registrations for properties in the Pammal area.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees when buying or selling property. It is essential to know the guideline value as it affects the overall cost of the transaction and ensures compliance with local regulations.