Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Vallam village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 173 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 334%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The value then increased again to Rs 750 per sq.ft in 2023, with no change in the 2024 revision.

From 2017 to 2023, the value rose by 49%, maintaining the same rate of Rs 750 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vallam

In Vallam, there are 30 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Mariamman Koil Street's guideline value is below this median.

• Madha Koil Street: Rs 750 per sq.ft (2024)
• Muthamizh Nagar: Rs 1,000 per sq.ft (2024)
• Narayana Avenue: Rs 1,000 per sq.ft (2024)
• Nehru Nagar: Rs 1,000 per sq.ft (2024)
• Kamaraj Nagar: Rs 850 per sq.ft (2024)
• Pandian Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office that covers Mariamman Koil Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vallam. It determines the amount of stamp duty and registration fees applicable, ensuring that the transaction is recorded accurately in the land registry.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 750 per sq.ft in both 2023 and 2024. It was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the land classification for Mariamman Koil Street?

The land classification for Mariamman Koil Street is Residential Class III Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft incurs a total of Rs 67,500 in fees.

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

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.