Guideline Value for MAGALIAMMAN KOIL STREET

Magaliamman Koil Street guideline value

The current guideline value of Magaliamman Koil Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Magaliamman Koil Street has changed

The guideline value for Magaliamman Koil Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 52%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, placing Magaliamman Koil Street's 2024 figure above this median.

• Manivannan Nagar: Rs 300 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• Kudiyanavar Veethi: Rs 400 per sq.ft (2024)
• Matha Koil Main Road: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Magaliamman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,02,000. The stamp duty at 7% amounts to Rs 7,140, and the registration fee at 2% is Rs 2,040, totaling Rs 9,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Magaliamman Koil Street?

The Sub Registrar Office covering Magaliamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is crucial during the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the state revenue is collected appropriately.

When buying or selling property, the guideline value helps establish a fair transaction price. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Magaliamman Koil Street?

The current guideline value of Magaliamman Koil Street is Rs 102 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 102 per sq.ft in 2024, which is an overall increase of 52%.

What are the stamp duty and registration fees for a property in Magaliamman Koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,180.

Which office handles the registration for Magaliamman Koil Street?

The Cheyyur Sub Registrar Office handles the registration for Magaliamman Koil Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value determined for properties in Cheyyur - A?

The guideline value is determined based on various factors, including land classification and historical revisions. It is updated periodically to reflect changes in the property market.