Guideline Value for Muthumariamman Koil Street / Nagal Keni

Muthumariamman Koil Street / Nagal Keni guideline value

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

How the guideline value of Muthumariamman Koil Street / Nagal Keni has changed

The guideline value for Muthumariamman Koil Street / Nagal Keni has seen significant changes over the years. In 2002, the guideline value was Rs 174 per sq.ft, which increased to Rs 197 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 570 per sq.ft, reflecting a substantial increase of +189%. The 2017 revision set the value at Rs 1,206 per sq.ft, which was a +112% increase from the previous revision. Finally, the current 2024 revision has the guideline value at Rs 1,980 per sq.ft, representing a +64% change from 2017.

It is important to note that there are no figures available for Muthumariamman Koil Street / Nagal Keni for the years 2012 and 2023. Overall, from 2002 to 2024, the guideline value has increased by +1038%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing Muthumariamman Koil Street / Nagal Keni's 2024 figure below that median.

• Muthumariamman Koil Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Muthumari Amman Koil Street, Anna Nagar: Rs 2,750 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 / Nagal Keni

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, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumariamman Koil Street / Nagal Keni?

The Sub Registrar Office that covers Muthumariamman Koil Street / Nagal Keni is 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. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer purchases a property, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It ensures that the property is valued fairly in accordance with the local regulations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street / Nagal Keni?

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

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 174 per sq.ft to Rs 1,980 per sq.ft in 2024, which is an overall increase of +1038%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Pammal?

The Pammal Sub Registrar Office handles property registrations in Pammal, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there any years without a guideline value for Muthumariamman Koil Street / Nagal Keni?

Yes, there are no guideline value figures available for Muthumariamman Koil Street / Nagal Keni for the years 2012 and 2023.