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Guideline Value

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Guideline Value for N.S.K. Street (Mungli Ari)

₹2475/sq.ft.

The guideline value for N.s.k. Street (mungli Ari) in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2475 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2475 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹360 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹213 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on N.s.k. Street (mungli Ari)

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N.S.K. Street (Mungli Ari) guideline value

The current guideline value of N.S.K. Street (Mungli Ari) is Rs 2,475 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 I Type - II.

How the guideline value of N.S.K. Street (Mungli Ari) has changed

The guideline value of N.S.K. Street (Mungli Ari) has seen significant changes over the years. In 2002, the guideline value was Rs 188 per sq.ft. This increased to Rs 213 per sq.ft in 2003, marking a rise of 13%. The next revision in 2007 saw the value jump to Rs 360 per sq.ft, which was a 69% increase from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 2,475 per sq.ft, reflecting a substantial increase of 588% from 2007.

Overall, from 2002 to 2024, the guideline value has increased by 1216%. It is important to note that there are no figures available for the years 2012, 2017, and 2023 for this street in the register.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, placing N.S.K. Street (Mungli Ari) above this median at Rs 2,475 per sq.ft.

Stamp duty and registration fee for property in N.S.K. Street (Mungli Ari)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. 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 N.S.K. Street (Mungli Ari)?

The Sub Registrar Office that covers N.S.K. Street (Mungli Ari) 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 buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used for calculating these fees, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of N.S.K. Street (Mungli Ari)?

The current guideline value of N.S.K. Street (Mungli Ari) is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 188 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, an overall increase of 1216%.

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

Other streets in Pammal include N.S.K Street, Easwaran Nagar at Rs 2,750 per sq.ft, N.S.K. Street (Muthamazhi Nagar) and N.S.K. Street (Anna Salai) both at Rs 2,475 per sq.ft, and NSK Street, Dr. Ambedkar Nagar at Rs 1,980 per sq.ft.

What is the stamp duty rate for property in N.S.K. Street (Mungli Ari)?

The stamp duty rate for property in N.S.K. Street (Mungli Ari) is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for N.S.K. Street (Mungli Ari)?

The Sub Registrar Office for N.S.K. Street (Mungli Ari) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.