Guideline Value for Mamuthi Amman Koil Street

Mamuthi Amman Koil Street guideline value

The current guideline value of Mamuthi Amman Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Mamuthi Amman Koil Street has changed

The guideline value for Mamuthi Amman Koil Street has remained constant at Rs 2,200 per sq.ft from the 2012 revision until the 2023 revision. In the 2024 revision, the value increased to Rs 2,400 per sq.ft, marking a 9% increase from the previous year. The 2012 to 2023 period saw no change in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value increased by 9%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Mamuthi Amman Koil Street.

• Malleeswari Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Malleeswari Nagar East Main Road: Rs 2,750 per sq.ft (2024)
• Malleeswari Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Malleeswari nagar 9th main road: Rs 2,750 per sq.ft (2024)
• Manickam Avenue: Rs 2,750 per sq.ft (2024)
• Malleeswari nagar 9th cross street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Mamuthi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. The 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 information.

Which Sub Registrar Office covers Mamuthi Amman Koil Street?

The Sub Registrar Office that covers Mamuthi Amman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential reference for determining the value of property transactions in Madambakkam. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for both buyers and sellers. It helps to maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Mamuthi Amman Koil Street?

The current guideline value of Mamuthi Amman Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 9% increase from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024. There was no change from 2012 to 2023, with the value remaining at Rs 2,200 per sq.ft.

What is the land classification of Mamuthi Amman Koil Street?

Mamuthi Amman Koil Street is classified as Commercial Class I Type - II. This classification can impact the types of developments allowed on the property.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Mamuthi Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.