Guideline Value for MARIAMMAN KOIL SECOND CROSS STREET

Mariamman Koil Second Cross Street guideline value

The current guideline value of Mariamman Koil Second Cross Street is Rs 1,950 per sq.ft. This street is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Mariamman Koil Second Cross Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. In 2023, the value increased to Rs 1,800 per sq.ft, and the latest revision in 2024 set the value at Rs 1,950 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decline of 33% in the guideline value. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 is an increase of 8%, reflecting the current value of Rs 1,950 per sq.ft.

Guideline values in Ottiyampakkam

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

• Mariamman Koil Fourth Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil First Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Thrid 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 Second 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, leading to a total of Rs 1,75,500. It is important to 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 Mariamman Koil Second Cross Street?

The Sub Registrar Office that covers Mariamman Koil Second Cross Street is 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 further assistance.

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

The guideline value is a critical component in the registration process when buying or selling property in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Mariamman Koil Second 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 back 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 Second Cross Street?

Mariamman Koil Second Cross Street is classified as Residential Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

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. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.