Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Mariamman Koil Street has changed

The guideline value for Mariamman Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains the value at Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting a consistent valuation in recent years. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO carrying a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the 2024 figure for Mariamman Koil Street.

• Manthaiveli Street: Rs 400 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)
• Mathulankuppam: Rs 400 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Mangalam West Street (Palla Mangalam): Rs 600 per sq.ft (2024)
• Mangalam Medu: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office that covers Mariamman Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Thirukalukundrem A, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both parties to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where can I find the Sub Registrar Office for Mariamman Koil Street?

The Sub Registrar Office for Mariamman Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees during property transactions.