Guideline Value for Muthamiaz Nagar ,3rd Street

Muthamiaz Nagar ,3rd Street guideline value

The current guideline value for Muthamiaz Nagar ,3rd Street is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Muthamiaz Nagar ,3rd Street has changed

In the 2023 revision, the guideline value for Muthamiaz Nagar ,3rd Street was Rs 2,250 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the current guideline value to Rs 2,475 per sq.ft. The register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

Thus, the only recorded revisions for this street are from 2023 and 2024, with a notable increase in the guideline value reflecting the latest changes.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, making the guideline value for Muthamiaz Nagar ,3rd Street above the median.

• Muthamiaz Nagar, 2nd Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar ,4th Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar, 1st Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar, 7th Cross Astreet: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Murugesan Street, Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamiaz Nagar ,3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500. Together, the total cost for these fees would be Rs 2,22,750. Please 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 calculations.

Which Sub Registrar Office covers Muthamiaz Nagar ,3rd Street?

The Muthamiaz Nagar ,3rd Street falls under 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with local regulations and helps in determining the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Muthamiaz Nagar ,3rd Street?

The current guideline value for Muthamiaz Nagar ,3rd Street is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Muthamiaz Nagar ,3rd Street was Rs 2,250 per sq.ft in 2023 and increased to Rs 2,475 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft. The guideline value for Muthamiaz Nagar ,3rd Street is above this median.

What are the registration fees for properties in Muthamiaz Nagar ,3rd Street?

The registration fees for properties in Muthamiaz Nagar ,3rd Street include a stamp duty of 7% and a registration fee of 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,22,750.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.