Guideline Value for MuthuKaruppan Street, Pasumpon Nagar

MuthuKaruppan Street, Pasumpon Nagar guideline value

The current guideline value of MuthuKaruppan Street in Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of MuthuKaruppan Street, Pasumpon Nagar has changed

According to the register, there are no figures for MuthuKaruppan Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 shows an increase to Rs 1,980 per sq.ft, marking a change of +10% from the previous year.

The current guideline value of Rs 1,980 per sq.ft is a new figure for the year 2024. This reflects a significant update in the valuation for this street, aligning it with the ongoing revisions across the region.

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, with a median value of Rs 2,090 per sq.ft. MuthuKaruppan Street's 2024 figure is below this median.

• Muthumari Amman Koil Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Muthumariamman Koil Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Muthumariamman Koil Street / Nagal Keni: Rs 1,980 per sq.ft (2024)
• Muthamiaz Nagar, 7th Cross Astreet: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar, 4th Street: Rs 2,475 per sq.ft (2024)
• Muthamiaz Nagar, 3rd Street: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in MuthuKaruppan Street, Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Therefore, the total cost for these fees together would be Rs 1,78,200. Note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MuthuKaruppan Street, Pasumpon Nagar?

The MuthuKaruppan Street in Pasumpon Nagar is covered by 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 more information.

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. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to note that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of MuthuKaruppan Street?

The current guideline value of MuthuKaruppan Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, which is a change of +10%.

What is the land classification for MuthuKaruppan Street?

MuthuKaruppan Street is classified as Residential Class II Type - II according to the local regulations.

Where can I find the Pammal Sub Registrar Office?

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

How is the stamp duty calculated for properties in Pammal?

Stamp duty for properties in Pammal is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.