Guideline Value for MUTHU MARIAMMAN KOIL STREET

Muthu Mariamman Koil Street guideline value

The current guideline value of Muthu Mariamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Muthu Mariamman Koil Street has changed

The guideline value for Muthu Mariamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose by 8% to Rs 500 per sq.ft in 2007. Following this, there was a significant increase of 200% to Rs 1,500 per sq.ft in 2012. However, in 2017, the value dropped by 33% to Rs 1,005 per sq.ft. The value increased again to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,600 per sq.ft in 2024, a 7% increase from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 281%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that the guideline value of Muthu Mariamman Koil Street is below this median.

• Muthu Kumaraswamy Street: Rs 3,200 per sq.ft (2024)
• Muthu Mudali Street: Rs 4,400 per sq.ft (2024)
• Muthamizh Street: Rs 2,200 per sq.ft (2024)
• Nacharammal Lane: Rs 3,200 per sq.ft (2024)
• Nacharammal Street: Rs 3,200 per sq.ft (2024)
• Nagammaiyar Street: Rs 2,700 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthu Mariamman Koil Street?

The Sub Registrar Office that covers Muthu Mariamman Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Perambur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

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 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In recent years, the guideline value has changed as follows: Rs 1,500 per sq.ft in 2023, Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2012. The most recent increase was from Rs 1,500 to Rs 1,600 per sq.ft in 2024.

What is the land classification of Muthu Mariamman Koil Street?

Muthu Mariamman Koil Street is classified as Residential Class V Type - I, indicating its designation for residential use.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Muthu Mariamman Koil Street?

The registration for Muthu Mariamman Koil Street is handled by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.