Guideline Value for Muthamiaz Nagar ,4th Street

Muthamiaz Nagar ,4th Street guideline value

The current guideline value for Muthamiaz Nagar ,4th Street is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it is classified as Residential Class I Type - II.

How the guideline value of Muthamiaz Nagar ,4th Street has changed

The guideline value for Muthamiaz Nagar ,4th Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from the 2023 revision at Rs 2,250 per sq.ft, which increased to Rs 2,475 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The 2024 figure of Rs 2,475 per sq.ft is the first recorded value for this street since the revisions began.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Muthamiaz Nagar ,4th Street above this median.

• Muthamiaz Nagar ,3rd Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar,7th Cross Astreet: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar, 2nd Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar,1st Street: 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 ,4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value is Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamiaz Nagar ,4th Street?

The Muthamiaz Nagar ,4th Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential reference point during the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthamiaz Nagar ,4th Street?

The current guideline value of Muthamiaz Nagar ,4th 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 has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, reflecting a +10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Muthamiaz Nagar ,4th Street?

Muthamiaz Nagar ,4th Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Muthamiaz Nagar ,4th Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 24,75,000, 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, Chengalpattu registration zone.