Guideline Value for Muthuswamy Street Extn.,

Muthuswamy Street Extn., guideline value

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

How the guideline value of Muthuswamy Street Extn., has changed

The guideline value for Muthuswamy Street Extn. has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, reflecting a 59% growth. By 2017, the guideline value reached Rs 1,206 per sq.ft, which was a substantial 235% increase from the previous revision. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, representing a 64% increase from 2017. Notably, there are no figures available for the revisions in 2012 and 2023.

Overall, from 2002 to 2024, there has been a remarkable increase of 890% in the guideline value for Muthuswamy Street Extn. This reflects the evolving landscape of property values in the area.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, placing Muthuswamy Street Extn.'s 2024 guideline value below the median.

• Muthuswamy Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Muthuswamy Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Muthu Street /VeeraSwamy Nagar: Rs 1,980 per sq.ft (2024)
• Muvendar Nagar: Rs 1,980 per sq.ft (2024)
• Muthu Street, Central Bank Colony: Rs 1,980 per sq.ft (2024)
• Muvendar Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuswamy Street Extn.,

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 fees together to Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthuswamy Street Extn.,?

The Muthuswamy Street Extn. 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 an essential factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the registration process requires adherence to the guideline value, ensuring that all transactions are conducted transparently and legally. This helps maintain the integrity of property transactions in the region.

Frequently asked questions

What is the current guideline value of Muthuswamy Street Extn.?

The current guideline value of Muthuswamy Street Extn. is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over this period.

What are the other streets in Pammal with similar guideline values?

Other streets in Pammal with guideline values of Rs 1,980 per sq.ft include Muthuswamy Street / Pasumpon Nagar, Muthu Street / VeeraSwamy Nagar, Muvendar Nagar, Muthu Street, Central Bank Colony, and Muvendar Nagar 1st Street.

What is the registration office for Muthuswamy Street Extn.?

The registration office covering Muthuswamy Street Extn. is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Muthuswamy Street Extn.?

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