Guideline Value for MARIYAMMAN KOIL ST

Mariyamman Koil St guideline value

The current guideline value of Mariyamman Koil St is Rs 801 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Mariyamman Koil St has changed

The guideline value for Mariyamman Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was a decrease from Rs 335 per sq.ft in 2017. The value remained at Rs 500 per sq.ft until the 2023 revision, which raised it to Rs 500 per sq.ft, and subsequently increased to Rs 801 per sq.ft in the 2024 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 60%. The most significant jump occurred between the 2023 and 2024 revisions, with a rise of 60%. The change from 2017 to 2023 was an increase of 49%.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Mariyamman Koil St is below this median.

• Manthoppu St: Rs 990 per sq.ft (2024)
• Lasar Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 9th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 8th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 7th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 6th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value would be Rs 8,01,000. The stamp duty at 7% would amount to Rs 56,070, and the registration fee at 2% would be Rs 16,020, making the combined total Rs 72,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariyamman Koil St?

The Sub Registrar Office that covers Mariyamman Koil St 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 information.

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

The guideline value plays a crucial role during property transactions in Paleripattu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when executing a sale deed. This ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to consider the guideline value as it reflects the minimum value at which transactions are registered. Buyers should be aware that the actual sale price may be higher, and the duty will be charged on the higher of the two values.

Frequently asked questions

What is the current guideline value of Mariyamman Koil St?

The current guideline value of Mariyamman Koil St is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2023 to Rs 801 per sq.ft in 2024, marking a 60% increase. The value has also risen from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Mariyamman Koil St?

Mariyamman Koil St is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates applicable?

The stamp duty rate for property transactions in Tamil Nadu is 7%. Additionally, a registration fee of 2% is applicable on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mariyamman Koil St?

The Avadi Sub Registrar Office covers Mariyamman Koil St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.