Guideline Value for Mariamman Koil Street / Adam Nagar

Mariamman Koil Street / Adam Nagar guideline value

The current guideline value of Mariamman Koil Street / Adam Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Mariamman Koil Street / Adam Nagar has changed

The guideline value for Mariamman Koil Street / Adam Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 138 per sq.ft, which increased to Rs 156 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 470 per sq.ft in 2007, reflecting a substantial increase of +201%. By 2017, the value further escalated to Rs 1,675 per sq.ft, an increase of +256%. The 2023 revision saw the guideline value reach Rs 2,500 per sq.ft, which was a +49% increase from the previous revision. The current value of Rs 2,750 per sq.ft in 2024 represents a +10% increase from 2023.

It is important to note that there is no figure available for Mariamman Koil Street / Adam Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by +1,893%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Mariamman Koil Street / Adam Nagar above this median.

• Mariamman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Mariadoss Compound, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Maraimalaiaddikal Street / Muthumazhi Nagar: Rs 2,475 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)

Stamp duty and registration fee for property in Mariamman Koil Street / Adam 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 at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Street / Adam Nagar?

The Mariamman Koil Street / Adam Nagar area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during property transactions.

When registering a property, the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value, which is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street / Adam Nagar?

The current guideline value of Mariamman Koil Street / Adam 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 increased significantly from Rs 138 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +1,893% over this period.

What is the land classification for Mariamman Koil Street / Adam Nagar?

Mariamman Koil Street / Adam Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Mariamman Koil Street / Adam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500.