Guideline Value for Mungillamman Kovil Street

Mungillamman Kovil Street guideline value

The current guideline value of Mungillamman Kovil Street in Maathoor village under the Sunguvarchattram SRO is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - III.

How the guideline value of Mungillamman Kovil Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. The value then increased significantly by 49% to Rs 500 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision, indicating no change from the previous year.

It is important to note that there are no figures available for Mungillamman Kovil Street in the revisions for the years 2002, 2003, and 2007. Therefore, the only revisions with defined values are from 2012, 2017, 2023, and 2024.

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 guideline value for these streets is Rs 500 per sq.ft, which aligns with the 2024 figure for Mungillamman Kovil Street.

• Mungilan Kovil Main Road: 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 Mungillamman Kovil Street

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, resulting in a total cost of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Mungillamman Kovil Street?

The Sub Registrar Office that covers Mungillamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Maathoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that the transaction is legally compliant.

Additionally, the guideline value serves as a reference point for property valuation, helping buyers and sellers understand the market standards for different areas within Maathoor. It is essential for both parties to be aware of the guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Mungillamman Kovil Street?

The current guideline value of Mungillamman Kovil Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 500 per sq.ft in 2012, dropped to Rs 335 per sq.ft in 2017, and then increased back to Rs 500 per sq.ft in both 2023 and 2024.

Are there any years without a guideline value for this street?

Yes, there are no figures available for Mungillamman Kovil Street in the revisions for the years 2002, 2003, and 2007.

What is the land classification for Mungillamman Kovil Street?

The land classification for Mungillamman Kovil Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for Mungillamman Kovil Street?

The Sub Registrar Office covering Mungillamman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.