Guideline Value for MUTHUMARIAMMAN KOIL STREET (WARD -17)

Muthumariamman Koil Street (Ward -17) guideline value

The current guideline value for Muthumariamman Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Muthumariamman Koil Street (Ward -17) has changed

The guideline value for Muthumariamman Koil Street has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Muthumariamman Koil Street for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Muthumariamman Koil Street's 2024 figure is below this median.

• Muthumariamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Muthumari Street (Kr): Rs 661 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 660 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 550 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariamman Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Muthumariamman Koil Street (Ward -17)?

The Sub Registrar Office that covers Muthumariamman Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the process.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street (Ward -17)?

The current guideline value of Muthumariamman Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with a significant drop to Rs 402 per sq.ft in 2017, followed by a rise to Rs 600 per sq.ft in 2023.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Muthumariamman Koil Street (Ward -15) at Rs 550 per sq.ft, Muthumari Street (Kr) at Rs 661 per sq.ft, and Muthu Nagar Kattankilathur (Ward -17) at Rs 660 per sq.ft.

What is the registration office for Muthumariamman Koil Street (Ward -17)?

The registration office for Muthumariamman Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Peramanoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.