Guideline Value for Mungil Lake (9th Street)

Mungil Lake (9th Street) guideline value

The current guideline value for Mungil Lake (9th Street) is not published. The last notified rate was Rs 360 per sq.ft during 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 (9th Street) has changed

The guideline value for Mungil Lake (9th Street) has seen several revisions over the years. The earliest recorded figure was Rs 188 per sq.ft in the 2002 revision, which increased to Rs 213 per sq.ft in 2003, marking a change of +13%. The most significant increase occurred from 2003 to 2007, where the rate rose by +69% to Rs 360 per sq.ft.

Overall, from the 2002 revision to the 2007 revision, 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.

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 (9th Street) does not currently have a published rate, placing it below the median value.

• 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 (9th Street)

There is no current rate for Mungil Lake (9th Street) to provide a worked example. 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 (9th Street)?

The Sub Registrar Office covering Mungil Lake (9th 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 property registration 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 property transactions.

When buying or selling property, the guideline value is compared to the sale price. The stamp duty is calculated based on the higher of the two values, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Mungil Lake (9th Street)?

The current guideline value for Mungil Lake (9th Street) is not published. The last notified rate was Rs 360 per sq.ft during the 2007 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 188 per sq.ft in 2002 to Rs 360 per sq.ft in 2007, with significant increases noted in the revisions of 2003 and 2007. There are no figures available for the revisions in 2012, 2017, 2023, and 2024.

What is the land classification of Mungil Lake (9th Street)?

Mungil Lake (9th Street) is classified as Govt. Others land. This classification is important for understanding the regulations and guidelines applicable to the property.

Where can I find the Sub Registrar Office for Mungil Lake (9th Street)?

The Sub Registrar Office for Mungil Lake (9th Street) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the guideline values for other streets in Pammal?

Other streets in Pammal have varying guideline values, with rates for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, while specific streets like Munuadhi Street and Munuswamy Street have rates listed in the article.