Guideline Value for MARIAMMAN KOIL THRID CROSS STREET

Mariamman Koil Thrid Cross Street guideline value

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

The guideline value for Mariamman Koil Thrid Cross Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 1,206 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,800 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,950 per sq.ft, marking an 8% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 value across these streets is Rs 1,950 per sq.ft, which is equal to the guideline value of Mariamman Koil Thrid Cross Street.

• Mariamman Koil Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Second Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil Fourth Cross Street: Rs 1,950 per sq.ft (2024)
• Mariamman Koil First 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 Thrid 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 would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000. Together, the total cost for stamp duty and registration would be Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mariamman Koil Thrid Cross Street?

The Mariamman Koil Thrid Cross Street falls under the jurisdiction of the Selaiyur Sub Registrar Office. The office is 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

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

The current guideline value of Mariamman Koil Thrid 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 are the stamp duty and registration fees for a property in this street?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Which office handles the registration for Mariamman Koil Thrid Cross Street?

The Selaiyur Sub Registrar Office handles the registration for Mariamman Koil Thrid Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for this street?

Mariamman Koil Thrid Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.