Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 825 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Mariamman Koil Street. This lack of data means that the only revisions available for reference are from 2017, 2023, and 2024.

Guideline values in Kavulbazaar

In Kavulbazaar village, there are 44 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value among these streets is Rs 825 per sq.ft, which is equal to the guideline value of Mariamman Koil Street.

• Manivannan Nagar: Rs 825 per sq.ft (2024)
• Mangaliamman Koil Street: Rs 825 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 825 per sq.ft (2024)
• MGR Street: Rs 825 per sq.ft (2024)
• M.L.R Street: Rs 825 per sq.ft (2024)
• Moovar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty, charged at 7%, would be Rs 57,750, while the registration fee at 2% amounts to Rs 16,500. Together, the total cost for stamp duty and registration would be Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mariamman Koil Street?

The Pammal Sub Registrar Office covers Mariamman Koil Street. The office is 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 Kavulbazaar

The guideline value plays a crucial role in the registration process of property transactions in Kavulbazaar. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, reflecting a total increase of 64% over the seven-year period.

What are the stamp duty and registration fees for property in Mariamman Koil Street?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250. This is calculated based on the guideline value.

Which Sub Registrar Office covers Mariamman Koil Street?

The Pammal Sub Registrar Office covers Mariamman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Kavulbazaar?

Yes, several other streets in Kavulbazaar also have a guideline value of Rs 825 per sq.ft for 2024, including Manivannan Nagar, Mangaliamman Koil Street, Mahalakshmi Nagar, MGR Street, M.L.R Street, and Moovar Nagar.