Guideline Value for Mungil Lake (8th Street)

Mungil Lake (8th Street) guideline value

The current guideline value for Mungil Lake (8th Street) in Pammal village, under the Pammal SRO, is not published. The last notified rate was Rs 360 per sq.ft in the 2007 revision. The land classification for this area is categorized as Govt. Others.

How the guideline value of Mungil Lake (8th Street) has changed

In the 2002 revision, the guideline value for Mungil Lake (8th 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 subsequent revision in 2007 saw a further increase to Rs 360 per sq.ft, which represents a change of +69% from the 2003 figure. Overall, from 2002 to 2007, the guideline value increased by +91%.

The register has no figure for this street in the revisions for the years 2012, 2017, 2023, and 2024.

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 is Rs 2,090 per sq.ft. Mungil Lake (8th Street) does not currently have a published rate, which places it below the median value in the village.

• 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 (8th Street)

There is no current rate for Mungil Lake (8th Street) to provide a worked example. 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 (8th Street)?

The Sub Registrar Office that covers Mungil Lake (8th 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 an essential factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

This ensures that the property is registered at a value that reflects its worth according to the government’s assessment. Buyers and sellers must be aware of the guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value for Mungil Lake (8th Street)?

The current guideline value for Mungil Lake (8th 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?

From the 2002 revision to the 2003 revision, the guideline value increased from Rs 188 per sq.ft to Rs 213 per sq.ft. In the 2007 revision, it further increased to Rs 360 per sq.ft, resulting in a total increase of +91% from 2002 to 2007.

Are there any recent revisions for Mungil Lake (8th Street)?

The register has no figure for Mungil Lake (8th Street) in the revisions for the years 2012, 2017, 2023, and 2024.

What is the land classification for Mungil Lake (8th Street)?

The land classification for Mungil Lake (8th Street) is categorized as Govt. Others. This classification is important for understanding the type of property and its associated regulations.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find more details online.