Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

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 the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in the 2012 revision, marking a 200% rise. The 2023 revision saw another increase to Rs 800 per sq.ft, and the latest revision in 2024 raised it to Rs 880 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with the median value being Rs 880 per sq.ft. Mariamman Koil Street's 2024 figure aligns with this median.

• Mahalakshmi Nagar Extension: Rs 880 per sq.ft (2024)
• MGR Nagar Periyar Street: Rs 1,650 per sq.ft (2024)
• Kuttakkarai Street: Rs 1,100 per sq.ft (2024)
• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)
• Nadu Theru: Rs 1,650 per sq.ft (2024)
• Nagarathinam street: Rs 1,100 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these charges Rs 79,200. It is important to 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?

The Sub Registrar Office that covers Mariamman Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is considered to ensure that appropriate taxes are collected. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the land classification for Mariamman Koil Street?

The land classification for Mariamman Koil Street is Residential Class II Type - III.

Where can I find more information about the Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office covers Mariamman Koil Street. It is located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Pulikoradu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.