Guideline Value for Mariadoss Compound, V.O.C Nagar

Mariadoss Compound, V.O.C Nagar guideline value

The current guideline value of Mariadoss Compound, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Mariadoss Compound, V.O.C Nagar has changed

The guideline value for Mariadoss Compound has undergone several revisions over the years. The most recent revision in 2024 set the rate at Rs 2,750 per sq.ft, an increase from the 2023 revision of Rs 2,500 per sq.ft, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 1,675 per sq.ft, which means there was a significant increase of 49% to reach the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The absence of these figures means that the changes in guideline value during those years are not documented.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Mariadoss Compound's 2024 figure above this median.

• Maraimalaiaddikal Street /Muthumazhi Nagar: Rs 2,475 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Mapupi Street, Sri Saraswathi Muthupandiyan Nagar: Rs 1,980 per sq.ft (2024)
• Ma.Po.Si Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street / Adam Nagar: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mariadoss Compound, V.O.C Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty charged at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mariadoss Compound, V.O.C Nagar?

The Sub Registrar Office that covers Mariadoss Compound, V.O.C Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mariadoss Compound, V.O.C Nagar?

The current guideline value of Mariadoss Compound, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 increasing it to Rs 2,750 per sq.ft from Rs 2,500 in 2023. From 2017 to 2023, the value increased from Rs 1,675 to Rs 2,500, marking a 49% rise.

What is the registration office for Mariadoss Compound, V.O.C Nagar?

The registration office for Mariadoss Compound, V.O.C Nagar is the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mariadoss Compound?

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 27,50,000, the stamp duty at 7% would be Rs 1,92,500.

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

Other streets in Pammal include Maraimalaiaddikal Street /Muthumazhi Nagar at Rs 2,475 per sq.ft, Mariamman Koil Street at Rs 1,980 per sq.ft, and Ma.Po.Si Street, Easwaran Nagar at Rs 2,750 per sq.ft, among others.