Guideline Value for MARIANNAI STREET

Mariannai Street guideline value

The current guideline value of Mariannai Street in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this street is Residential Class II Type - III.

How the guideline value of Mariannai Street has changed

The guideline value of Mariannai Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft. This increased significantly to Rs 625 per sq.ft in the 2012 revision, marking a 213% rise. However, it saw a decrease of 33% to Rs 419 per sq.ft in the 2017 revision. The value remained unchanged at Rs 626 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Notably, the register does not have figures for the years 2002 and 2003 for Mariannai Street. From the 2017 revision to the 2023 revision, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 213%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the guideline value of Mariannai Street.

• Manoranjitham Street: Rs 626 per sq.ft (2024)
• M.D.M. Nagar: Rs 800 per sq.ft (2024)
• Maligai Street: Rs 626 per sq.ft (2024)
• Magilam Poo Street: Rs 626 per sq.ft (2024)
• Maaveeran Durai Samy Nagar: Rs 626 per sq.ft (2024)
• M.P. City(22/2.22/3): Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Mariannai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariannai Street?

The Sub Registrar Office that covers Mariannai Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

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

Additionally, the guideline value helps ensure that property transactions are conducted transparently and fairly, providing a standard reference for both buyers and sellers. It is essential 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 Mariannai Street?

The current guideline value of Mariannai Street is Rs 626 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, marking an overall increase of 213%. There were no figures for the years 2002 and 2003.

What are the other streets in Kakkalur with similar guideline values?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Manoranjitham Street, Maligai Street, Magilam Poo Street, and Maaveeran Durai Samy Nagar, among others.

How is the stamp duty calculated for properties on Mariannai Street?

Stamp duty for properties on Mariannai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 43,820 based on the current guideline value.

Where can I find the Sub Registrar Office for Mariannai Street?

The Sub Registrar Office for Mariannai Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.