Guideline Value for MUTHUMARIAMMAN KOIL STREET

Muthumariamman Koil Street guideline value

The current guideline value of Muthumariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kilkaranai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Muthumariamman Koil Street has changed

The guideline value for Muthumariamman Koil Street has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkaranai

Kilkaranai village has 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,870 per sq.ft, with a median value of Rs 1,100 per sq.ft. Muthumariamman Koil Street's 2024 figure aligns with this median.

• Mettu Street: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Keelkaranai Pillaiyar Koil Street: Rs 1,100 per sq.ft (2024)
• Keelkaranai Main Road: Rs 1,100 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)
• Chithamanur Area II Industrial Area: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumariamman Koil Street?

The Sub Registrar Office that covers Muthumariamman 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 Kilkaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkaranai. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must ensure that the transaction is registered at the appropriate Sub Registrar Office. The guideline value ensures that the government receives the correct revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street?

The current guideline value of Muthumariamman 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Muthumariamman Koil Street?

Muthumariamman Koil Street is classified as Residential Special Type - II under the Chengleput Joint II SRO.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kilkaranai?

Stamp duty for properties in Kilkaranai is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.