Guideline Value for MARIAMMAN KOIL STREET

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further rose by 10% to the current value of Rs 2,200 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Mariamman Koil Street. The overall change from the 2012 revision to the 2024 revision indicates a modest increase of 10% over this period, highlighting the fluctuations in the guideline value.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Mariamman Koil Street's current value below the median.

• Marden Avenue, Sumuga Vinayagar Koil Street: Rs 1,980 per sq.ft (2024)
• Marden Avenue, Ganga Nagar Ext: Rs 1,980 per sq.ft (2024)
• Manoharan Street: Rs 2,200 per sq.ft (2024)
• Manikandan Street: Rs 2,200 per sq.ft (2024)
• Manickam Nagar 2nd Cross St.: Rs 2,160 per sq.ft (2024)
• Manickam Nagar 1st Cross St.: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Mariamman Koil Street?

The Sub Registrar Office that covers Mariamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Mariamman Koil Street?

Mariamman Koil Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for Mariamman Koil Street?

The Pallavaram Sub Registrar Office handles property registrations for Mariamman Koil Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.