Guideline Value for Mariamman Koil Street, Nagelkeni

Mariamman Koil Street, Nagelkeni guideline value

The current guideline value of Mariamman Koil Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Mariamman Koil Street, Nagelkeni has changed

The guideline value for Mariamman Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase of 10% from Rs 1,800 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, marking a significant increase of 49% over the six years leading up to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Mariamman Koil Street is below this median.

• Mariamman Koil Street / Adam Nagar: Rs 2,750 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, Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. Please 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 more detailed calculations.

Which Sub Registrar Office covers Mariamman Koil Street, Nagelkeni?

The Sub Registrar Office that covers Mariamman Koil Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is sold or purchased. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. Overall, it has increased by 64% from Rs 1,206 per sq.ft in 2017 to the current value.

What is the land classification of Mariamman Koil Street?

Mariamman Koil Street is classified as Residential Class II Type - II. This classification affects the guideline value and property usage in the area.

What are the stamp duty rates for properties in Pammal?

The stamp duty rate for properties in Pammal is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where is the Sub Registrar Office located for Mariamman Koil Street?

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