Guideline Value for MARIAMMAN KOIL FOURTH CROSS STREET

Mariamman Koil Fourth Cross Street guideline value

The current guideline value of Mariamman Koil Fourth Cross Street is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is located in Ottiyampakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mariamman Koil Fourth Cross Street has changed

The guideline value has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. It then decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly to Rs 1,800 per sq.ft in the 2023 revision, and further increased to Rs 1,950 per sq.ft in the latest 2024 revision, reflecting an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,950 per sq.ft, which is the same as the 2024 figure for Mariamman Koil Fourth Cross Street.

• Mariamman Koil First Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Second Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Third Cross Street: Rs 1,950 per sq.ft (2024)
• Mayana Salai: Rs 1,650 per sq.ft (2024)
• Metro Garden: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil Fourth Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Fourth Cross Street?

The Mariamman Koil Fourth Cross Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ottiyampakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mariamman Koil Fourth Cross Street?

The current guideline value of Mariamman Koil Fourth Cross Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the land classification for Mariamman Koil Fourth Cross Street?

The land classification for Mariamman Koil Fourth Cross Street is Residential Class I Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Ottiyampakkam?

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 incurs a total of Rs 1,75,500 in stamp duty and registration fees.