Guideline Value for Mungil Lake (7th Street)

Mungil Lake (7th Street) guideline value

The current guideline value for Mungil Lake (7th 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 land.

How the guideline value of Mungil Lake (7th Street) has changed

The guideline value for Mungil Lake (7th Street) has seen several revisions over the years. The earliest recorded figure is from the 2002 revision, which was Rs 188 per sq.ft. This increased to Rs 213 per sq.ft in the 2003 revision, marking a 13% rise. The most significant change occurred between the 2003 and 2007 revisions, where the rate jumped to Rs 360 per sq.ft, representing a 69% increase. Overall, from 2002 to 2007, the guideline value increased by 91%.

It is important to note that the register has no figure for Mungil Lake (7th Street) in the revisions for 2012, 2017, 2023, and 2024.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft. Mungil Lake (7th Street) currently does not have a published rate, but it is important to compare it with 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 (7th Street)

As there is no current rate for Mungil Lake (7th 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 (7th Street)?

The Sub Registrar Office that covers Mungil Lake (7th 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 plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty.

When buying or selling property, the guideline value is compared with the sale price. The stamp duty is charged based on the higher of the two values, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Mungil Lake (7th Street)?

The current guideline value for Mungil Lake (7th 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 (7th Street) has changed from Rs 188 per sq.ft in 2002 to Rs 360 per sq.ft in 2007, marking a total increase of 91% over this period.

What are the other guideline values in Pammal?

In Pammal, the guideline values for other streets range from Rs 880 to Rs 3,300 per sq.ft, with a median value of 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 Mungil Lake (7th Street)?

Stamp duty for properties in Mungil Lake (7th Street) is calculated based on the higher of the guideline value and the sale price. It is advisable to use the stamp duty and registration fee calculator for precise calculations.