Guideline Value for PANJAMUGA SIVAN KOIL STREET

Panjamuga Sivan Koil Street guideline value

The current guideline value of Panjamuga Sivan Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Panjamuga Sivan Koil Street has changed

The guideline value for Panjamuga Sivan Koil Street has seen several revisions over the years. In the 2017 revision, the value was Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year. The overall change from 2017 to 2024 reflects a significant increase of 63%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a substantial rise before the latest revision.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a guideline value for 2024, with values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is equal to the current value of Panjamuga Sivan Koil Street.

• Panneer Nagar: Rs 7,100 per sq.ft (2024)
• Panneer Nagar Part II: Rs 7,100 per sq.ft (2024)
• Panner Nagar Thilak Street: Rs 7,100 per sq.ft (2024)
• Parimallazhagar Street: Rs 7,100 per sq.ft (2024)
• Parri Salai (Mugappair East Block 5): Rs 7,100 per sq.ft (2024)
• Patchaiappan Salai: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Panjamuga Sivan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total fees together Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Panjamuga Sivan Koil Street?

The Sub Registrar Office that covers Panjamuga Sivan Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mugappair

The guideline value plays a crucial role during the registration of property transactions in Mugappair. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions. Proper understanding of these values can help in planning for the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Panjamuga Sivan Koil Street?

The current guideline value of Panjamuga Sivan Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 4,355 per sq.ft in 2017 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 63% over these years.

What is the stamp duty rate for properties in Panjamuga Sivan Koil Street?

The stamp duty rate for properties in Panjamuga Sivan Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification of Panjamuga Sivan Koil Street?

Panjamuga Sivan Koil Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.