Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

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

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has seen significant changes over the years. In 2002, the guideline value was Rs 185 per sq.ft. This increased to Rs 210 per sq.ft in 2003, marking a 14% rise. The value then jumped to Rs 360 per sq.ft in 2007, a 71% increase from the previous revision. By 2017, the value had risen dramatically to Rs 1,206 per sq.ft, reflecting a 235% increase from 2007. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has established the current value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

It is worth noting that there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 970%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Mariamman Koil Street's current value below this median.

• Mariamman Koil Street / Adam Nagar: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street, Nagelkeni: 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

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. Together, the total cost for stamp duty and registration would be Rs 1,78,200. 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?

The Mariamman Koil Street is covered by 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 further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Pammal. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should also ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

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 over the years?

Since 2002, the guideline value has increased from Rs 185 per sq.ft to Rs 1,980 per sq.ft in 2024, which is an overall increase of 970%.

What is the land classification for Mariamman Koil Street?

Mariamman Koil Street is classified as Residential Class II Type - II.

What are the other streets under the Pammal SRO?

Other streets in Pammal include Mariamman Koil Street / Adam Nagar, Mariadoss Compound, V.O.C Nagar, and others, with varying guideline values.

Where is the Pammal Sub Registrar Office located?

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