Guideline Value for Mungil Lake (4th Street)

Mungil Lake (4th Street) guideline value

The current guideline value for Mungil Lake (4th 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 (4th Street) has changed

The guideline value for Mungil Lake (4th Street) has seen several revisions since 2002. In the 2002 revision, the rate was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a change of +13%. The most significant increase occurred between the 2003 and 2007 revisions, where the rate rose to Rs 360 per sq.ft, reflecting a change 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 revisions in 2012, 2017, 2023, and 2024 for this street. Therefore, the last registered rate remains from the 2007 revision.

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, and the median value being Rs 2,090 per sq.ft. Mungil Lake (4th Street) does not currently have a published rate, placing it outside the current range.

• 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 (4th Street)

As there is no current rate for Mungil Lake (4th Street), there is no worked example available. 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 (4th Street)?

The Sub Registrar Office that covers Mungil Lake (4th 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 process 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 stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The stamp duty is calculated based on the higher of the two values, ensuring that the transaction is in line with the prevailing rates in the area.

Frequently asked questions

What is the current guideline value for Mungil Lake (4th Street)?

The current guideline value for Mungil Lake (4th 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 (4th Street) increased from Rs 188 per sq.ft in 2002 to Rs 360 per sq.ft in 2007, with significant increases noted between the revisions.

What are the guideline values for other streets in Pammal?

Other streets in Pammal have varying guideline values, with rates ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median value is Rs 2,090 per sq.ft.

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 Pammal?

Stamp duty is calculated based on the higher of the guideline value and the sale price of the property. This ensures that the correct amount of duty is paid during the registration process.