Guideline Value for Mamathu Street

Mamathu Street guideline value

The current guideline value of Mamathu Street in Kovilpathagai village, under the Ambattur SRO, is Rs 805 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Mamathu Street has changed

The guideline value for Mamathu Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This value decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value significantly increased by 72%, bringing it back to Rs 805 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 805 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Mamathu Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, which means that Mamathu Street's 2024 figure is below this median.

• Malliga Nagar: Rs 990 per sq.ft (2024)
• Mangalam Nagar: Rs 803 per sq.ft (2024)
• Mahalakshmi Street (Ashok Nagar): Rs 880 per sq.ft (2024)
• Manoharan Street: Rs 880 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 803 per sq.ft (2024)
• Magesh Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Mamathu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, making the total fees together Rs 72,450. 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 Mamathu Street?

The Sub Registrar Office that covers Mamathu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

Additionally, the guideline value serves as a reference point for both buyers and sellers, ensuring that transactions are conducted within a regulated framework. It helps maintain transparency in property dealings and protects the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Mamathu Street?

The current guideline value of Mamathu Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 in 2012 to Rs 469 in 2017, then increased to Rs 805 in 2023 and remains the same in 2024.

What is the land classification for Mamathu Street?

Mamathu Street falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for property in Mamathu Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,450.

Which Sub Registrar Office covers Mamathu Street?

The Ambattur Sub Registrar Office covers Mamathu Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.