Guideline Value for Mariamman Kovil Street

Mariamman Kovil Street guideline value

The current guideline value of Mariamman Kovil Street is Rs 130 per sq.ft, effective from 1 July 2024. This street is located in Thirumanikuppam village and falls under the Sunguvarchattram SRO, classified as Residential Class II 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 2012, the value was set at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in 2017, reflecting a -33% change. Following this, the value increased significantly to Rs 126 per sq.ft in 2023, marking a 50% rise. The most recent revision in 2024 has further increased the guideline value to Rs 130 per sq.ft, a 3% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 4%.

Guideline values in Thirumanikuppam

In Thirumanikuppam, there are 15 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 130 to Rs 200 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing Mariamman Kovil Street's 2024 figure below this median.

• K K Nagar: Rs 200 per sq.ft (2024)
• Kannikapuram: Rs 130 per sq.ft (2024)
• Perumal Kovil Street: Rs 181 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 155 per sq.ft (2024)
• Irular Colony: Rs 130 per sq.ft (2024)
• Raja Maharaja Nagar: Rs 200 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 130 per sq.ft, the total guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, bringing the total fees together to Rs 11,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, 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 details.

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

The guideline value is an essential factor when registering a property in Thirumanikuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures transparency and consistency in the registration process, reflecting the official value set by the government for taxation purposes.

Frequently asked questions

What is the current guideline value of Mariamman Kovil Street?

The current guideline value of Mariamman Kovil Street is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase being from Rs 126 per sq.ft in 2023 to Rs 130 per sq.ft in 2024. The value was Rs 84 per sq.ft in 2017 and Rs 125 per sq.ft in 2012.

What is the land classification of Mariamman Kovil Street?

Mariamman Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the other streets in Thirumanikuppam with guideline values?

There are several other streets in Thirumanikuppam with guideline values, including K K Nagar, Kannikapuram, and Perumal Kovil Street, among others. Each street has its own specific guideline value for 2024.

Where is the Sub Registrar Office for Mariamman Kovil Street located?

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