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_B village under the Sunguvarchattram SRO, classified as 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. In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure remained unchanged at Rs 250 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only available figures are from the 2017, 2023, and 2024 revisions, which show stability in the guideline value at Rs 250 per sq.ft since 2023.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, which means that Mariamman Kovil Street's 2024 figure is below the median.

• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Mettu Street: Rs 850 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Moogambika Nagar: Rs 300 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)
• mother Therasa Nagar: Rs 300 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 250 per sq.ft, the 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 to Rs 22,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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 details.

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

The guideline value is a critical factor in property transactions in Santhavellur_B. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

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 since the 2023 revision, with a 50% increase from Rs 167 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Mariamman Kovil Street?

Mariamman Kovil Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.