Guideline Value for Mariamman Kovil Street

Mariamman Kovil Street guideline value

The current guideline value of Mariamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village, under the Sunguvarchattram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Mariamman Kovil Street has changed

The guideline value for Mariamman Kovil Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 200 per sq.ft. In 2017, the value dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the guideline value returned to Rs 200 per sq.ft, and it remained unchanged in the 2024 revision, showing a 0% change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a significant change, with a 49% increase from Rs 134 per sq.ft to Rs 200 per sq.ft in 2023. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Mudhukoor

Mudhukoor village has a total of 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 448 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for Mariamman Kovil Street.

• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)
• Mansarovar Phase-I: Rs 200 per sq.ft (2024)
• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 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 guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use 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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Mudhukoor. It serves as a benchmark for determining the registration fees and stamp duty payable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value helps in assessing the monetary obligations involved, including stamp duty and registration fees. This ensures that the transaction is legally recognized and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Mariamman Kovil Street?

The current guideline value of Mariamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Mariamman Kovil Street?

Mariamman Kovil Street is classified as Residential Class II Type - I.

Which office handles registrations for properties in Mudhukoor?

The Sunguvarchattram Sub Registrar Office handles registrations for properties in Mudhukoor, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties on Mariamman Kovil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, resulting in a stamp duty of Rs 14,000.