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Guideline Value

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Guideline Value for M.M. Koil Street (a) Mariamman Koil Street

₹1540/sq.ft.

The guideline value for M.m. Koil Street (a) Mariamman Koil Street in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on M.m. Koil Street (a) Mariamman Koil Street

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M.M. Koil Street (a) Mariamman Koil Street guideline value

The current guideline value of M.M. Koil Street (a) Mariamman Koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Chennerkuppam village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of M.M. Koil Street (a) Mariamman Koil Street has changed

The guideline value for M.M. Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 1,400 per sq.ft. This figure then decreased to Rs 938 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the guideline value to Rs 1,400 per sq.ft. The latest revision in 2024 has raised the value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for M.M. Koil Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of M.M. Koil Street.

Stamp duty and registration fee for property in M.M. Koil Street (a) Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Please 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 details.

Which Sub Registrar Office covers M.M. Koil Street (a) Mariamman Koil Street?

The Sub Registrar Office that covers M.M. Koil Street (a) Mariamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chennerkuppam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be considered for duty calculations.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of M.M. Koil Street (a) Mariamman Koil Street?

The current guideline value of M.M. Koil Street (a) Mariamman Koil Street is Rs 1,540 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 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for M.M. Koil Street (a) Mariamman Koil Street?

The land classification for M.M. Koil Street (a) Mariamman Koil Street is Residential Class I Type - II.

Which office handles property registrations for this street?

The Kunrathur Sub Registrar Office handles property registrations for M.M. Koil Street (a) Mariamman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Chennerkuppam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 1,38,600.