Guideline Value for Mungilan Kovil Main Road

Mungilan Kovil Main Road guideline value

The current guideline value of Mungilan Kovil Main Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Maathoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Mungilan Kovil Main Road has changed

Over the years, the guideline value for Mungilan Kovil Main Road has seen several revisions. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in both 2023 and the latest revision in 2024, showing a 49% increase from 2017 to 2023. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

When looking at the overall change from 2012 to 2024, the guideline value remains at Rs 500 per sq.ft, indicating no change in this period. The revisions reflect a notable fluctuation in value, particularly between 2017 and 2023.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is equal to the guideline value of Mungilan Kovil Main Road.

• Mungillamman Kovil Street: Rs 500 per sq.ft (2024)
• Nehru Street: Rs 500 per sq.ft (2024)
• Manimegalai Street: Rs 500 per sq.ft (2024)
• K.G.V Nagar: Rs 250 per sq.ft (2024)
• Kattabomman street: Rs 500 per sq.ft (2024)
• Priya Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mungilan Kovil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the 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 Mungilan Kovil Main Road?

The Sub Registrar Office covering Mungilan Kovil Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Maathoor

The guideline value is a crucial factor in the registration process when buying or selling property in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Mungilan Kovil Main Road?

The current guideline value of Mungilan Kovil Main Road is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. This reflects a 49% increase from 2017 to 2023.

What is the median guideline value for streets in Maathoor?

The median guideline value for streets in Maathoor is Rs 500 per sq.ft, which is the same as the guideline value for Mungilan Kovil Main Road.

What are the stamp duty and registration fees for property in Mungilan Kovil Main Road?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Mungilan Kovil Main Road located?

The Sub Registrar Office for Mungilan Kovil Main Road is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.