Guideline Value for Mariamman Kovil Street

Mariamman Kovil Street guideline value

The current guideline value of Mariamman Kovil Street in Vaipoor village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is 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. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, reflecting a decrease of 33%. However, from 2017 to the 2023 revision, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Mariamman Kovil Street. The consistent value of Rs 250 per sq.ft from 2012 to 2024 indicates stability in the guideline value during this period.

Guideline values in Vaipoor

In Vaipoor, there are nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 300 per sq.ft, with the median being Rs 250 per sq.ft. Mariamman Kovil Street's 2024 value aligns with this median.

• Mettu Street: Rs 250 per sq.ft (2024)
• Mahakavi Bharathiyar Nagar Stage I & II: Rs 300 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Ragallamman Kovil Street: Rs 250 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 250 per sq.ft (2024)
• Eswaran Koil Street: Rs 250 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 amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling 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 Mariamman Kovil Street is covered by the Sunguvarchattram Sub Registrar Office located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Vaipoor. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This process helps maintain transparency in property transactions.

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 2012, with a drop to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the classification of land on Mariamman Kovil Street?

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

Where is the Sub Registrar Office for Mariamman Kovil Street?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 250 per sq.ft would incur a total guideline value of Rs 2,50,000, leading to a stamp duty of Rs 17,500.