Guideline Value for JALAGANDA MARIAMMAN KOIL STREET

Jalaganda Mariamman Koil Street guideline value

The current guideline value of Jalaganda Mariamman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Jalaganda Mariamman Koil Street has changed

The guideline value for Jalaganda Mariamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 90 per sq.ft, which increased to Rs 103 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 200 per sq.ft in 2007, reflecting a 94% increase. Following this, the value jumped to Rs 1,100 per sq.ft in 2012, a substantial increase of 450%. However, it decreased to Rs 737 per sq.ft in 2017, showing a decline of 33%. The guideline value then increased to Rs 1,100 per sq.ft in 2023, before reaching the current value of Rs 1,200 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1233%. There are no figures available for revisions in years not mentioned in the register.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which is equal to the current value of Jalaganda Mariamman Koil Street.

• Jaageer Hussain Street: Rs 1,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,200 per sq.ft (2024)
• Jeevanandam Street: Rs 1,200 per sq.ft (2024)
• Idapalayam (Puratcomhikavi Bharathidasan Street): Rs 1,200 per sq.ft (2024)
• Harikrishnapuram: Rs 1,200 per sq.ft (2024)
• Harikrishnan Perumal Koil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jalaganda Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total fees together Rs 1,08,000. 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 Jalaganda Mariamman Koil Street?

The Sub Registrar Office that covers Jalaganda Mariamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Manali, as it determines the stamp duty and registration fees applicable to the transaction. Buyers must ensure that they are aware of the current guideline value to accurately calculate the costs involved in the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. It is essential for both buyers and sellers to understand how the guideline value impacts the overall financial obligations during the registration of the property.

Frequently asked questions

What is the current guideline value of Jalaganda Mariamman Koil Street?

The current guideline value of Jalaganda Mariamman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 90 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, representing an overall increase of 1233%.

What is the land classification for Jalaganda Mariamman Koil Street?

The land classification for Jalaganda Mariamman Koil Street is Residential Special Type - II.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Jalaganda Mariamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,08,000.