Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village, under the Thiruvottiyur SRO, and is 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. In 2002, the value was Rs 186 per sq.ft, which increased to Rs 213 per sq.ft in 2003. Following this, the value rose to Rs 250 per sq.ft in 2007, marking a significant increase of 17% from the previous year. In 2012, the value was recorded at Rs 1,300 per sq.ft, showing a substantial increase of 420% from 2007. However, this was followed by a decrease to Rs 871 per sq.ft in 2017, which was a decline of 33% from 2012. The value then increased to Rs 1,300 per sq.ft in 2023, reflecting a rise of 49% from 2017, before reaching the current value of Rs 1,400 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no figures available for revisions in years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 653%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. Mariamman Koil Street's current guideline value is below this median.

• Manali Express Road: Rs 3,300 per sq.ft (2024)
• Mettu Street: Rs 1,400 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Maakaliamman Koil Nagar: Rs 1,400 per sq.ft (2024)
• Mullai Nagar: Rs 1,600 per sq.ft (2024)
• MURUGAPPA NAGAR (Barathi Street): Rs 1,800 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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty, charged at 7%, would amount to Rs 98,000, and the registration fee, charged at 2%, would be Rs 28,000. Together, the total cost for these fees would be Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office covering Mariamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ernavur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to accurately assess 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 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 186 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 653% over this period.

What is the registration office for Mariamman Koil Street?

The registration office for Mariamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties on Mariamman Koil Street?

Stamp duty for properties on Mariamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 98,000 based on the current guideline value.

What are the other streets in Ernavur with guideline values?

Other streets in Ernavur include Mettu Street at Rs 1,400 per sq.ft, Mahalakshmi Nagar at Rs 1,600 per sq.ft, and Manali Express Road at Rs 3,300 per sq.ft, among others.