Guideline Value for Pari Nagar Mullai Street

Pari Nagar Mullai Street guideline value

The current guideline value of Pari Nagar Mullai Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pari Nagar Mullai Street has changed

The guideline value for Pari Nagar Mullai Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, marking a significant increase of 12% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 67%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value remained unchanged during those revisions.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Pari Nagar Mullai Street's 2024 figure above this median.

• Pari Nagar Mullai 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Pilliyar Koil Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 1st Cross street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Vallalar Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Lakshmi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Vasugi Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Nagar Mullai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees together to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pari Nagar Mullai Street?

The Pari Nagar Mullai Street falls under the jurisdiction of 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 Anakaputhur

The guideline value is a crucial factor in property transactions in Anakaputhur. It is used to determine the amount of stamp duty and registration fees payable when a property is sold or transferred. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for assessing the property's worth. This ensures that the government receives the appropriate taxes based on the established guideline values, which reflect the current market conditions in the area.

Frequently asked questions

What is the current guideline value of Pari Nagar Mullai Street?

The current guideline value of Pari Nagar Mullai Street is Rs 2,350 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 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% during this period.

What is the land classification for Pari Nagar Mullai Street?

Pari Nagar Mullai Street is classified as Residential Class III Type - I according to the local land classification regulations.

Where can I find the registration office for properties in Pari Nagar Mullai Street?

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

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 23,50,000 would incur a stamp duty of Rs 1,64,500 at a rate of 7%.