Guideline Value for Mariamman Kovil Street( Kulakkarai Street)

Mariamman Kovil Street( Kulakkarai Street) guideline value

The current guideline value for Mariamman Kovil Street( Kulakkarai Street) is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Umaiyal Parancheri village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mariamman Kovil Street( Kulakkarai Street) has changed

In the 2012 revision, the guideline value was set at Rs 175 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, marking a reduction of 33%. Following this, the 2023 revision brought the value back to Rs 175 per sq.ft, and the 2024 revision maintained this rate, showing no change from the previous year.

The overall change from the 2012 revision to the 2024 revision is 0%. Between 2017 and 2023, there was a significant increase of 50%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Mariamman Kovil Street( Kulakkarai Street) below this median.

• L.K.S Garden: Rs 200 per sq.ft (2024)
• M.R.Rajamani Nagar: Rs 200 per sq.ft (2024)
• MuthuKumaran Nagar: Rs 250 per sq.ft (2024)
• Kanniamman Kovil Street: Rs 175 per sq.ft (2024)
• Park City: Rs 500 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Kovil Street( Kulakkarai Street)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, making the total Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Kovil Street( Kulakkarai Street)?

The Sub Registrar Office that covers Mariamman Kovil Street( Kulakkarai Street) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Umaiyal Parancheri. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction. It ensures that the property is valued appropriately for taxation purposes, which is crucial for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value for Mariamman Kovil Street( Kulakkarai Street)?

The current guideline value for Mariamman Kovil Street( Kulakkarai Street) is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a decrease to Rs 117 per sq.ft in 2017 and an increase back to Rs 175 per sq.ft in 2023.

Which Sub Registrar Office covers this street?

The Sunguvarchattram Sub Registrar Office covers Mariamman Kovil Street( Kulakkarai Street), located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 15,750, based on the current guideline value of Rs 1,75,000.

What is the land classification for Mariamman Kovil Street( Kulakkarai Street)?

The land classification for Mariamman Kovil Street( Kulakkarai Street) is Residential Class III Type - I.