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Guideline Value

Corporate

Guideline Value for Pillayar Koil Street / Mungil Lake

₹1980/sq.ft.

The guideline value for Pillayar Koil Street / Mungil Lake in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹360 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹213 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Pillayar Koil Street / Mungil Lake

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Pillayar Koil Street / Mungil Lake guideline value

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

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

The guideline value for Pillayar Koil Street / 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, marking a 13% rise. The value further rose to Rs 360 per sq.ft in 2007, reflecting a 69% increase from the previous revision. By 2017, the value soared to Rs 1,206 per sq.ft, a remarkable 235% jump. However, there is no figure available for the year 2012.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,800 per sq.ft. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 953%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, positioning Pillayar Koil Street / Mungil Lake below this median.

Stamp duty and registration fee for property in Pillayar Koil Street / 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, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillayar Koil Street / Mungil Lake?

The Sub Registrar Office that covers Pillayar Koil Street / Mungil Lake is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that all transactions are recorded at a consistent value, which is essential for maintaining transparency in the real estate market.

When selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair price for the property, ensuring that the transaction is in line with the prevailing market conditions as reflected in the guideline value register.

Frequently asked questions

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

The current guideline value of Pillayar Koil Street / Mungil Lake is Rs 1,980 per sq.ft, effective from 1 July 2024.

How 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, representing an overall increase of 953% over the years.

What is the stamp duty rate for property in Pillayar Koil Street / Mungil Lake?

The stamp duty rate for property transactions in Pillayar Koil Street / Mungil Lake is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Pillayar Koil Street / Mungil Lake.

Are there other streets with the same guideline value in Pammal?

Yes, there are other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft, including Pillayar Koil Street /NagalKeni and Pillayar Koil Street / Pasumpon Nagar.