Guideline Value for MARIYAMMAN KOVIL STREET

Mariyamman Kovil Street guideline value

The current guideline value of Mariyamman Kovil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur - A village under the Cheyyur SRO, classified as Residential Class IV Type - I.

How the guideline value of Mariyamman Kovil Street has changed

The guideline value for Mariyamman Kovil Street has seen several revisions over the years. The 2017 revision set the value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 101 per sq.ft, marking a 1% increase from the previous year.

From 2017 to 2023, the guideline value increased by 100%, and overall, from 2017 to 2024, it has risen by 102%. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 101 per sq.ft, which is equal to the 2024 figure for Mariyamman Kovil Street.

• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• Matha Koil Main Road: Rs 101 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 101 per sq.ft (2024)
• Magaliamman Koil Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariyamman Kovil Street?

The Sub Registrar Office that covers Mariyamman Kovil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a critical factor when registering property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, and the appropriate taxes are levied. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Mariyamman Kovil Street?

The current guideline value of Mariyamman Kovil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024, reflecting an overall increase of 102% since 2017.

What other streets have the same guideline value in Cheyyur - A?

Other streets in Cheyyur - A with the same guideline value of Rs 101 per sq.ft include MANTHAIVELI 2nd CROSS STREET, MANTHAIVELI 1st CROSS STREET, Matha Koil Main Road, and Mettu Street.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated based on guideline value?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000.