Guideline Value for MARIAMMAN KOIL STREET

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 900 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,541 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,530 per sq.ft, marking a 27% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 181%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which means that Mariamman Koil Street's 2024 figure is below the median.

• Marudhapandiayar Avenue Etention: Rs 2,750 per sq.ft (2024)
• Maruthapanidan Avenue 1 To 8 Streets: Rs 2,750 per sq.ft (2024)
• Maruthupandiyar Avenue: Rs 2,750 per sq.ft (2024)
• Manimegalai Nagar (Ellaiamman Koil Street): Rs 2,750 per sq.ft (2024)
• Maxworth Nagar: Rs 4,400 per sq.ft (2024)
• Maxworth Nagar 1 To 10 Main Road: Rs 4,400 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 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost for these fees Rs 2,27,700. 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 detailed calculations.

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, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in property transactions in S. Kullathur as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is transparent and fair, preventing undervaluation. It is essential for both parties 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 Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, showing an overall increase of 181% over this period.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,27,700.

Which Sub Registrar Office covers Mariamman Koil Street?

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

What is the median guideline value in S. Kullathur?

The median guideline value in S. Kullathur for 2024 is Rs 2,750 per sq.ft, with Mariamman Koil Street's value being below this median.