Guideline Value for Pathma Street

Pathma Street guideline value

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

How the guideline value of Pathma Street has changed

The guideline value for Pathma Street has seen several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which decreased to Rs 4,355 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, and in the most recent 2024 revision, it rose again to Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Pathma Street.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is the same as the current guideline value for Pathma Street.

• Patchaiappan Salai: Rs 7,100 per sq.ft (2024)
• Parri Salai (Mugappair East Block 5): Rs 7,100 per sq.ft (2024)
• Parimallazhagar Street: Rs 7,100 per sq.ft (2024)
• Periyar Main Road: Rs 3,800 per sq.ft (2024)
• Panner Nagar Thilak Street: Rs 7,100 per sq.ft (2024)
• Panneer Nagar Part II: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pathma Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value is Rs 71,00,000. The stamp duty is charged at 7%, amounting to Rs 4,97,000, and the registration fee at 2% is Rs 1,42,000. Together, these fees total Rs 6,39,000. 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 Pathma Street?

The Sub Registrar Office that covers Pathma 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 is a crucial factor in the registration process when buying or selling property in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pathma Street?

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

How has the guideline value changed over the years?

The guideline value for Pathma Street has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What is the classification of land on Pathma Street?

Pathma Street is classified as Residential Special Type - I under the Konnur SRO.

Where can I find the Sub Registrar Office for Pathma Street?

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

How is stamp duty calculated for properties in Mugappair?

Stamp duty for properties in Mugappair is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 7,100 per sq.ft, the stamp duty would be Rs 4,97,000.