Guideline Value for Mariamman Koil cross st ( Ward No.10 )

Mariamman Koil cross st ( Ward No.10 ) guideline value

The current guideline value for Mariamman Koil cross st ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Mariamman Koil cross st ( Ward No.10 ) has changed

The guideline value for Mariamman Koil cross st has seen revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, a significant increase from the 2017 revision, which was Rs 804 per sq.ft. This change represents a 62% increase between 2017 and 2024. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, the guideline value for Mariamman Koil cross st was not recorded in the register. The 2017 figure of Rs 804 per sq.ft marked the first recorded value for this street, following years of no available data.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Mariamman Koil cross st is below this median.

• Mariamman Koil Street (Ward-10): Rs 1,300 per sq.ft (2024)
• Mariamman Koil St (Ward-08): Rs 1,300 per sq.ft (2024)
• Ma-Po-Vedha St ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Ma.Po. Vedha St (Ward-30): Rs 1,600 per sq.ft (2024)
• Ma.Po. Veda Street (Ward 20): Rs 1,600 per sq.ft (2024)
• Marisvilla Periya Salai (Ponniamman Medu): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil cross st ( Ward No.10 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 cross st ( Ward No.10 )?

The Sub Registrar Office that covers Mariamman Koil cross st ( Ward No.10 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Madhavaram, the guideline value serves as a benchmark for determining the minimum value at which a property can be registered. This value is crucial for calculating the applicable stamp duty and registration fees, ensuring that all transactions comply with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it directly influences the financial aspects of property transactions. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Mariamman Koil cross st ( Ward No.10 )?

The current guideline value for Mariamman Koil cross st ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, representing a 62% increase.

Are there any years where the guideline value is not recorded for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Mariamman Koil cross st ( Ward No.10 ).

What is the classification of land for Mariamman Koil cross st?

Mariamman Koil cross st ( Ward No.10 ) is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can also find your SRO through the provided link.