Guideline Value for PASUMPON MUTHURAMALINGA DEVAR ST (WARD -8)

Pasumpon Muthuramalinga Devar St (Ward -8) guideline value

The current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) has changed

The guideline value for Pasumpon Muthuramalinga Devar St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. In the following revisions, the value increased significantly, with the 2023 revision at Rs 1,600 per sq.ft and the latest 2024 revision showing a rise to Rs 1,760 per sq.ft, reflecting a 10% increase.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the 2024 guideline value of Pasumpon Muthuramalinga Devar St above the median.

• Pattinathadigal Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pavendar Salai (Ward -4): Rs 1,980 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumpon Muthuramalinga Devar St (Ward -8)

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 amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total 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 Pasumpon Muthuramalinga Devar St (Ward -8)?

The Sub Registrar Office that covers Pasumpon Muthuramalinga Devar St (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002 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 Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial implications of their transactions in relation to the established guideline values.

Frequently asked questions

What is the current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8)?

The current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) 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 changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Pasumpon Muthuramalinga Devar St?

The land classification for Pasumpon Muthuramalinga Devar St is Residential Special Type - III.

What is the range of guideline values in Ninna Karai?

The guideline values in Ninna Karai range from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Pasumpon Muthuramalinga Devar St (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.