Guideline Value for Mariamman Kovil Street

Mariamman Kovil Street guideline value

The current guideline value of Mariamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Bheema Puram village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mariamman Kovil Street has changed

Over the years, the guideline value of Mariamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision marked a significant change, lowering the value to Rs 67 per sq.ft, which was a decrease of 33% from the previous 2012 figure. From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 100 per sq.ft.

The 2024 revision maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Bheema Puram

In Bheema Puram, three streets under the Sunguvarchattram SRO carry a 2024 guideline value of Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Mariamman Kovil Street's 2024 figure aligns with this median.

• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Kovil Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Bheema Puram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the negotiated sale price. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mariamman Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017, followed by a 49% increase to Rs 100 per sq.ft in 2023.

What are the other streets in Bheema Puram with the same guideline value?

Other streets in Bheema Puram under the Sunguvarchattram SRO with the same 2024 guideline value of Rs 100 per sq.ft include Perumal Kovil Street and Ponniamman Kovil Street.

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

For a 1,000 sq.ft property at the guideline value of Rs 100 per sq.ft, the total stamp duty and registration fees would amount to Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for registration fees.

Where can I find the Sub Registrar Office for Mariamman Kovil Street?

The Sub Registrar Office for Mariamman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.