Guideline Value for MARIAMMAN KOIL STREET

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class IV Type - I land classification.

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 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,300 per sq.ft in 2012, marking a rise of 231%. However, from 2012 to 2017, the value decreased to Rs 2,881 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 4,300 per sq.ft in 2023, reflecting a 49% rise. The latest revision in 2024 set the guideline value at Rs 4,600 per sq.ft, an increase of 7% from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 254%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value in this area is Rs 5,800 per sq.ft, which means that Mariamman Koil Street's 2024 figure is below that median.

• Mannar Mudali 2nd Street: Rs 5,800 per sq.ft (2024)
• Mannar Mudali 1st Street: Rs 5,800 per sq.ft (2024)
• Mayor Sampandam Street: Rs 4,600 per sq.ft (2024)
• Mangala Nagar: Rs 3,800 per sq.ft (2024)
• Meenakshi Nagar: Rs 3,300 per sq.ft (2024)
• METTU STREET (or) PALANI ANDAVAR KOIL STREET: Rs 5,800 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 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, making the total cost for stamp duty and registration fees Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office covering Mariamman Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for fee calculations.

When a property transaction occurs, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes on 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 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, from Rs 1,300 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 254% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which indicates that Mariamman Koil Street's current value is below this median.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 46,00,000 would incur a stamp duty of Rs 3,22,000 and a registration fee of Rs 92,000.