Guideline Value for MARIYAMMAN KOIL STREET (CHEN)

Mariyamman Koil Street (Chen) guideline value

The current guideline value of Mariyamman Koil Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Mariyamman Koil Street (Chen) has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, a rise of 49%. The most recent revision in 2024 saw the guideline value increase again to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Mariyamman Koil Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value is Rs 880 per sq.ft, placing Mariyamman Koil Street's 2024 figure below this median.

• Maruthi Nagar (Chen): Rs 880 per sq.ft (2024)
• Meenatchipuram (Chen): Rs 880 per sq.ft (2024)
• Malrosapuram (Chen): Rs 880 per sq.ft (2024)
• Malleswaran Nagar (Chen): Rs 880 per sq.ft (2024)
• Mettu Street (Chen): Rs 660 per sq.ft (2024)
• Malaimedu (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil Street (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariyamman Koil Street (Chen)?

The Chengleput Joint II Sub Registrar Office covers Mariyamman Koil Street (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of the property transaction.

When registering a property, it is essential to consider the guideline value as it may affect the financial obligations of both parties involved in the sale. The higher of the guideline value and the sale price is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street (Chen)?

The current guideline value of Mariyamman Koil Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, which is higher than the current value of Mariyamman Koil Street.

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

For a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft, the total stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Mariyamman Koil Street (Chen)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Mariyamman Koil Street (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.