Guideline Value for MARIYAMMAN KOIL ST (WEST)

Mariyamman Koil St (West) guideline value

The current guideline value of Mariyamman Koil St (West) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mariyamman Koil St (West) has changed

The guideline value for Mariyamman Koil St (West) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease in 2017 to Rs 603 per sq.ft, which represents a -33% change. The value then increased significantly to Rs 900 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

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 seen a total increase of 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the current value of Mariyamman Koil St (West).

• Mariyamman Koil Street (Back Side): Rs 988 per sq.ft (2024)
• Mariyamman Koil St (Bakthavachalm Nagar): Rs 988 per sq.ft (2024)
• Masoothi St (M.T.H.Road Souther Side): Rs 988 per sq.ft (2024)
• Masoothi St, (Railway Line Northern Side): Rs 1,980 per sq.ft (2024)
• Mangulam: Rs 800 per sq.ft (2024)
• Mangaiyar Thilagam Nagar: Rs 989 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil St (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariyamman Koil St (West)?

The Sub Registrar Office that covers Mariyamman Koil St (West) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Thandurai. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure they understand how the guideline value affects their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mariyamman Koil St (West)?

The current guideline value of Mariyamman Koil St (West) is Rs 988 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 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Mariyamman Koil St (West)?

Mariyamman Koil St (West) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Mariyamman Koil St (West)?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,88,000. The stamp duty is Rs 69,160, and the registration fee is Rs 19,760, totaling Rs 88,920.

Which office handles property registrations for Mariyamman Koil St (West)?

The Avadi Sub Registrar Office handles property registrations for Mariyamman Koil St (West), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.