Guideline Value for Karumariamman Kovil Street

Karumariamman Kovil Street guideline value

The current guideline value of Karumariamman Kovil Street in Molachoor village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Karumariamman Kovil Street has changed

The guideline value for Karumariamman Kovil Street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 536 per sq.ft. The value then increased significantly to Rs 800 per sq.ft in 2023, maintaining the same rate in the 2024 revision.

From the 2017 revision to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value experienced a decrease of 33%. Overall, the guideline value from 2012 to 2024 remains unchanged at Rs 800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, placing Karumariamman Kovil Street above this median with its current value of Rs 800 per sq.ft.

• Karpagavalli Nagar: Rs 800 per sq.ft (2024)
• Kasthuribai Street: Rs 300 per sq.ft (2024)
• Kambar Street: Rs 600 per sq.ft (2024)
• Kamarajar Street: Rs 600 per sq.ft (2024)
• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)
• Kaideymilleth Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 Karumariamman Kovil Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. 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 calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Karumariamman Kovil Street?

The current guideline value of Karumariamman Kovil Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, remaining the same in 2024.

What is the land classification of Karumariamman Kovil Street?

Karumariamman Kovil Street is classified as Residential Special Type - I.

Where is the Sub Registrar Office located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.