Guideline Value for Pillayar Koil 3rdStreet / Mungil Lake

Pillayar Koil 3rdStreet / Mungil Lake guideline value

The current guideline value of Pillayar Koil 3rdStreet / Mungil Lake is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Pillayar Koil 3rdStreet / Mungil Lake has changed

The guideline value for Pillayar Koil 3rdStreet / Mungil Lake has seen significant changes over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003. Following that, the value rose to Rs 360 per sq.ft in 2007, and further increased to Rs 1,206 per sq.ft in 2017. The 2023 revision set the value at Rs 1,800 per sq.ft, and the current 2024 revision stands at Rs 1,980 per sq.ft. The register has no figure for this street in 2012.

From 2002 to 2024, the overall change in the guideline value is a remarkable +953%. The most notable increases were from 2007 to 2017, where the value surged by +235%, and from 2017 to 2023, which saw a rise of +49%. The latest revision from 2023 to 2024 indicates a +10% increase in the guideline value.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 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 Pillayar Koil 3rdStreet / Mungil Lake below this median.

• Pillayar Koil Cross Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 2nd Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 2nd Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 2nd Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 1st Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 1st Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil 3rdStreet / Mungil Lake

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillayar Koil 3rdStreet / Mungil Lake?

The Sub Registrar Office that covers Pillayar Koil 3rdStreet / Mungil Lake 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 details.

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

The guideline value is an important factor in the registration process when buying or selling property in Pammal. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial implications of the transaction.

When a property is registered, the guideline value is considered to ensure compliance with the regulations set by the Registration Department. This value is crucial for the legal transfer of ownership and is used to calculate the associated costs of the transaction.

Frequently asked questions

What is the current guideline value of Pillayar Koil 3rdStreet / Mungil Lake?

The current guideline value of Pillayar Koil 3rdStreet / Mungil Lake is Rs 1,980 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 1,980 per sq.ft in 2024, showing an overall increase of +953% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Pillayar Koil 3rdStreet / Mungil Lake being below this median at Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for a property in Pillayar Koil 3rdStreet / Mungil Lake?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Pillayar Koil 3rdStreet / Mungil Lake located?

The Sub Registrar Office for Pillayar Koil 3rdStreet / Mungil Lake is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.