Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pattravakkam village, under the Konnur SRO, and is 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 undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. Mariamman Koil Street's 2024 guideline value is below this median.

• Menambedu Road: Rs 3,300 per sq.ft (2024)
• Milkfarm Road: Rs 3,300 per sq.ft (2024)
• Lakshmi Colony: Rs 1,100 per sq.ft (2024)
• Kullakkarai Street: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Naresh Nagar: Rs 1,500 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 rate of Rs 1,100 per sq.ft, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office that covers Mariamman Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pattravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees during the transaction process.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to facilitate a smooth registration process and avoid any discrepancies.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the median guideline value in Pattravakkam?

The median guideline value in Pattravakkam is Rs 1,500 per sq.ft, while Mariamman Koil Street's 2024 guideline value is below this median.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

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 Office Complex, Dunlop Bus Stop, Ambattur, Chennai.