Guideline Value for MARIYAMMAN KOIL STREET (BACK SIDE)

Mariyamman Koil Street (Back Side) guideline value

The current guideline value for Mariyamman Koil Street (Back Side) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO with a land classification of Residential Class II Type - I.

How the guideline value of Mariyamman Koil Street (Back Side) has changed

Since the 2012 revision, the guideline value for Mariyamman Koil Street (Back Side) has seen various changes. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision has raised it to Rs 988 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision is a modest 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, 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 value among these streets is Rs 988 per sq.ft, which is equal to the current guideline value for Mariyamman Koil Street (Back Side).

• Mariyamman Koil St (West): 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 Street (Back Side)

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

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariyamman Koil Street (Back Side)?

The Sub Registrar Office that covers Mariyamman Koil Street (Back Side) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Thandurai. It determines the minimum value at which a property can be registered, ensuring that both the buyer and seller are aware of the property's worth according to government standards.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Mariyamman Koil Street (Back Side)?

The current guideline value for Mariyamman Koil Street (Back Side) 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 Street (Back Side)?

Mariyamman Koil Street (Back Side) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

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.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Mariyamman Koil Street (Back Side) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.