Guideline Value for Angallamman Kovil Street

Angallamman Kovil Street guideline value

The current guideline value of Angallamman Kovil Street in Maathoor village, under the Sunguvarchattram SRO, is Rs 505 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Angallamman Kovil Street has changed

Over the years, the guideline value of Angallamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. Subsequently, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and then to Rs 505 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maathoor

In Maathoor village, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Angallamman Kovil Street's 2024 figure above this median.

• Angallamman Kovil Main Road: Rs 505 per sq.ft (2024)
• Angu Nagar: Rs 250 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)
• Agathiyar Street: Rs 500 per sq.ft (2024)
• Arunagiriyar Street: Rs 500 per sq.ft (2024)
• Agaligai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Angallamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, totaling Rs 45,450. 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 more accurate calculations.

Which Sub Registrar Office covers Angallamman Kovil Street?

The Sub Registrar Office that covers Angallamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to assess the fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Angallamman Kovil Street?

The current guideline value of Angallamman Kovil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the median guideline value in Maathoor?

The median guideline value for streets in Maathoor is Rs 500 per sq.ft, with Angallamman Kovil Street's value being above this median.

What are the stamp duty rates for properties in Angallamman Kovil Street?

The stamp duty for properties in Angallamman Kovil Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Angallamman Kovil Street?

The Sub Registrar Office for Angallamman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.