Guideline Value for MARIYAMMAN KOVIL ST

Mariyamman Kovil St guideline value

The current guideline value of Mariyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Mariyamman Kovil St has changed

The guideline value for Mariyamman Kovil St has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft. The most recent revision in 2024 has maintained this value at Rs 750 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Mariyamman Kovil St. The overall change from the 2012 revision to the 2024 revision shows that the guideline value has remained the same at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, which is equal to the 2024 figure for Mariyamman Kovil St. Below are other streets in Walajabad with their respective 2024 guideline values:

• Maratiya Kasayakara Street: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• Masoothi St: Rs 750 per sq.ft (2024)
• Manthaveliyamman Kovil St: Rs 750 per sq.ft (2024)
• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Kovil St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariyamman Kovil St?

The Sub Registrar Office that covers Mariyamman Kovil St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Walajabad. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value may influence the overall cost of purchasing property.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mariyamman Kovil St?

The current guideline value of Mariyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the guideline value for Mariyamman Kovil St in 2024.

What are the stamp duty and registration fees for a property in Mariyamman Kovil St?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,50,000. The stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office for Mariyamman Kovil St located?

The Sub Registrar Office for Mariyamman Kovil St is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.