Guideline Value for Mariamman Kovil Street

Mariamman Kovil Street guideline value

The current guideline value of Mariamman Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

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 most recent revision in 2024 maintains the figure at Rs 250 per sq.ft, unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 167 per sq.ft, marking a 50% increase from that year to 2023. The 2012 revision also had a figure of Rs 250 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 250 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Mariamman Kovil Street. This lack of data means that the changes in guideline value during those years are not documented.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing Mariamman Kovil Street's 2024 figure below that median.

• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Moogambika Nagar: Rs 305 per sq.ft (2024)
• Lucky Land: Rs 305 per sq.ft (2024)
• mother Therasa Nagar: Rs 305 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 more information.

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

The guideline value is a crucial factor in property transactions in Santhavellur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees that are applicable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mariamman Kovil Street?

The current guideline value of Mariamman Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the registration office for Mariamman Kovil Street?

The registration office for Mariamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty for properties in Mariamman Kovil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Are there other streets in Santhavellur with different guideline values?

Yes, there are several other streets in Santhavellur with varying guideline values. For example, Maruthi Avenue has a guideline value of Rs 700 per sq.ft, while Mettu Street shares the same value as Mariamman Kovil Street at Rs 250 per sq.ft.