Guideline Value for Mariamman Koil 5th Street

Mariamman Koil 5th Street guideline value

The current guideline value of Mariamman Koil 5th Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Mariamman Koil 5th Street has changed

The guideline value for Mariamman Koil 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 950 per sq.ft, an increase from Rs 900 per sq.ft in the 2023 revision. This represents a 6% rise in value. Prior to that, in the 2017 revision, the value was Rs 603 per sq.ft, marking a significant increase of 49% by 2023. The 2012 revision also indicated a value of Rs 900 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Mariamman Koil 5th Street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Mariamman Koil 5th Street's guideline value is below this median.

• Mariamman Koil 5th Cross Street: Rs 950 per sq.ft (2024)
• Mariamman Koil 4th Street: Rs 950 per sq.ft (2024)
• Mariamman Koil 4th Cross Street: Rs 950 per sq.ft (2024)
• Mariamman Koil 3rd Street: Rs 950 per sq.ft (2024)
• Mariamman Koil 3rd Cross Street: Rs 950 per sq.ft (2024)
• Mariamman Koil 2nd Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Mariamman Koil 5th Street?

The Sub Registrar Office that covers Mariamman Koil 5th 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 Selaiyur

The guideline value plays a crucial role in property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When you approach the Sub Registrar Office for registration, the guideline value will be referenced to ascertain the duties payable. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Mariamman Koil 5th Street?

The current guideline value for Mariamman Koil 5th Street is Rs 950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024, a 6% increase. The value was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Mariamman Koil 5th Street?

Mariamman Koil 5th Street is classified as Residential Class IV Type - II, indicating its designation for residential use within the Selaiyur village.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles the registration of properties in the Selaiyur area.