Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as 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. The earliest recorded figure is from the 2007 revision, which was Rs 200 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision and remained unchanged until the 2023 revision, where it was again Rs 1,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 700%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Mariamman Koil Street's value below this median.

• Maragatham Chandrasekar Street: Rs 1,500 per sq.ft (2024)
• Marshal Nesamani Nagar: Rs 2,400 per sq.ft (2024)
• Maruthi Nagar: Rs 2,400 per sq.ft (2024)
• Maruthi Nagar (S.No.149 to 157) AIR Backside: Rs 990 per sq.ft (2024)
• Manimegalai Steet (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Koil Street(Manikanda Puram): Rs 2,400 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 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 1,600 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 1,600 per sq.ft in 2024, marking an overall increase of 700% over the years.

What is the stamp duty rate applicable in Mariamman Koil Street?

The stamp duty rate applicable for property transactions in Mariamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Mariamman Koil Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, which is higher than the current guideline value of Mariamman Koil Street.