Guideline Value for Muthumariamman Koil Street / Mungil Lake

Muthumariamman Koil Street / Mungil Lake guideline value

The current guideline value of Muthumariamman Koil Street / Mungil Lake is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Muthumariamman Koil Street / Mungil Lake has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, reflecting a 73% increase from the previous revision. However, there are no figures recorded for this street in the 2012 and 2017 revisions.

From 2007 to 2023, the guideline value surged to Rs 1,800 per sq.ft, a remarkable 400% increase. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values 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 Muthumariamman Koil Street / Mungil Lake's 2024 value below this median.

• Muthumari Amman Koil Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Muthumariamman Koil Street / Nagal Keni: Rs 1,980 per sq.ft (2024)
• MuthuKaruppan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Muthuramalinga Devar Street: Rs 1,760 per sq.ft (2024)
• Muthusha Cross Street, Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Muthu Street, Central Bank Colony: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariamman Koil Street / Mungil Lake

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Muthumariamman Koil Street / Mungil Lake?

The Sub Registrar Office covering Muthumariamman Koil Street / Mungil Lake is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street / Mungil Lake?

The current guideline value of Muthumariamman Koil Street / Mungil Lake is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 976%.

What is the land classification for Muthumariamman Koil Street / Mungil Lake?

Muthumariamman Koil Street / Mungil Lake is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

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

How is the stamp duty calculated for properties in Pammal?

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