Guideline Value for Muthuramalinga Devar Street

Muthuramalinga Devar Street guideline value

The current guideline value of Muthuramalinga Devar Street is Rs 1,760 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 III Type - II.

How the guideline value of Muthuramalinga Devar Street has changed

The guideline value for Muthuramalinga Devar Street has undergone several revisions since 2002. In 2002, the value was Rs 116 per sq.ft, which increased to Rs 132 per sq.ft in 2003, marking a 14% rise. The value then saw further growth to Rs 260 per sq.ft in 2007, representing a 97% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,072 per sq.ft, indicating a significant 312% increase from 2007. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 64% increase from 2017. Notably, the register has no figures for this street for the years 2012 and 2023.

Overall, from 2002 to 2024, the guideline value has increased by a remarkable 1,417%. This substantial growth highlights the changes in the valuation of Muthuramalinga Devar Street over the years.

Guideline values in Pammal

Pammal village has a total of 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 Pammal is Rs 2,090 per sq.ft, which means that Muthuramalinga Devar Street's 2024 figure of Rs 1,760 per sq.ft is below the median.

• 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)
• Muthu Street /VeeraSwamy Nagar: Rs 1,980 per sq.ft (2024)
• Muthuswamy Street Extn.: Rs 1,980 per sq.ft (2024)
• Muthuswamy Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Muthuswamy Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuramalinga Devar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total charges to Rs 1,58,400. It is important to 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 Muthuramalinga Devar Street?

The Sub Registrar Office that covers Muthuramalinga Devar Street is 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 a crucial factor when registering property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as both buyers and sellers are aware of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Muthuramalinga Devar Street?

The current guideline value of Muthuramalinga Devar Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 116 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1,417% over this period.

What is the land classification of Muthuramalinga Devar Street?

Muthuramalinga Devar Street is classified as Residential Class III Type - II.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Muthuramalinga Devar Street?

The Pammal Sub Registrar Office handles property registrations for Muthuramalinga Devar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.