Guideline Value for MUTHU MARIAMMAN KOIL STREET

Muthu Mariamman Koil Street guideline value

The current guideline value of Muthu Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Muthu Mariamman Koil Street has changed

The guideline value for Muthu Mariamman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 154 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 549%. However, it then saw a decrease to Rs 670 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and most recently, it has been set at Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 614%.

Guideline values in SingaperumalKoil

In SingaperumalKoil village, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Muthu Mariamman Koil Street.

• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Nathgee Nagar: Rs 1,500 per sq.ft (2024)
• M.G.R. Street: Rs 1,100 per sq.ft (2024)
• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 per sq.ft (2024)
• Mettu Street: Rs 800 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Mariamman Koil Street?

The Sub Registrar Office that covers Muthu Mariamman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for legal documentation. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthu Mariamman Koil Street?

The current guideline value of Muthu Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 154 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 614% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in SingaperumalKoil?

The Chengleput Joint II Sub Registrar Office handles property registrations for SingaperumalKoil, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including the location and land classification of the property. It is revised periodically to reflect changes in the real estate market.