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_C village, under the Sunguvarchattram SRO, and is 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 remained consistent at Rs 250 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 167 per sq.ft, marking a 50% increase when comparing the 2017 figure to the 2023 and 2024 values.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Mariamman Kovil Street is below this 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 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 guideline value of Rs 250 per sq.ft, the total guideline value would be 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, totaling Rs 22,500. 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 information.

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

The guideline value is a critical factor in property transactions in Santhavellur_C, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

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 for Mariamman Kovil Street has remained at Rs 250 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 167 per sq.ft in 2017, showing a 50% rise overall from 2017 to 2024.

What are the registration fees for property transactions?

The registration fees for property transactions are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the registration fee would be Rs 5,000 at 2%.

Which office handles the registration for Mariamman Kovil Street?

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

What is the significance of the guideline value?

The guideline value is significant as it sets the minimum value for property registration in Santhavellur_C. It affects the calculation of stamp duty and registration fees, ensuring that all property transactions comply with local regulations.