Guideline Value for Mariamman Kovil street

Mariamman Kovil street guideline value

The current guideline value of Mariamman Kovil street in Kottaiyoor village is Rs 200 per sq.ft, effective from the 2024 revision. 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

Looking at the historical revisions, the guideline value for Mariamman Kovil street was Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. In the 2017 revision, the value was Rs 134 per sq.ft, which represents a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 200 per sq.ft, which shows a decrease of 33% when compared to the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. The register does not have figures for the years 2007, 2003, and 2002 for this street.

Guideline values in Kottaiyoor

Kottaiyoor village has 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Mariamman Kovil street's 2024 figure below this median.

• Kullakarai Cross Street: Rs 200 per sq.ft (2024)
• Kottaiyoor Colony Cross Street: Rs 150 per sq.ft (2024)
• Kottaiyoor Colony: Rs 150 per sq.ft (2024)
• Kings Avenue: Rs 250 per sq.ft (2024)
• Padasalai Street: Rs 250 per sq.ft (2024)
• Perumal Kovil 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on fees, 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. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Kottaiyoor, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a reference point for the government to assess the value of the property being transacted.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from 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 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 200 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023. The value was Rs 200 per sq.ft in 2012, showing a decrease of 33% to the 2017 figure.

What is the land classification for Mariamman Kovil street?

Mariamman Kovil street is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible land use in the area.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable to property transactions.

Which office handles registrations for Mariamman Kovil street?

The Sunguvarchattram Sub Registrar Office handles registrations for Mariamman Kovil street. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.