Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Chikkarayapuram village and falls under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Mariamman Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, the value saw a significant increase to Rs 1,800 per sq.ft, reflecting a rise of 92%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for Mariamman Koil Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 41%.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which is equal to the guideline value for Mariamman Koil Street.

• Mahathma Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Mettu street: Rs 1,760 per sq.ft (2024)
• Leelavathy Nagar Extn: Rs 1,980 per sq.ft (2024)
• Leelavathi Nagar Avenue: Rs 1,980 per sq.ft (2024)
• Leelavathi Nagar: Rs 1,980 per sq.ft (2024)
• Moogambigai Nagar Extension: Rs 1,980 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. 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 covering Mariamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value as it impacts the overall costs involved in the transaction.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Mariamman Koil Street?

Mariamman Koil Street is classified as Mixed Special Type - I, which indicates the type of development and usage permissible in the area.

Where can I find the registration office for Mariamman Koil Street?

The registration office for Mariamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Chikkarayapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 19,80,000, the stamp duty would be calculated at 7% of that amount.