Guideline Value for Mariamman koil Street

Mariamman koil Street guideline value

The current guideline value of Mariamman koil Street in Chennerkuppam village is Rs 1,540 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Class I Type - II.

How the guideline value of Mariamman koil Street has changed

The guideline value for Mariamman koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft. This figure increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 367%. However, in 2017, the value dropped to Rs 938 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 1,400 per sq.ft in 2023, and further increased to Rs 1,540 per sq.ft in 2024, reflecting a 10% rise. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 413%. The changes between the revisions illustrate a fluctuating pattern, with the most recent revision bringing the value in line with the median for the village.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, with rates ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current rate for Mariamman koil Street.

• Masilamani Nagar: Rs 1,320 per sq.ft (2024)
• Mettu Street: Rs 1,320 per sq.ft (2024)
• Magizam Avenue: Rs 1,430 per sq.ft (2024)
• M.M. Koil Street (a) Mariamman Koil Street: Rs 1,540 per sq.ft (2024)
• Leelavathi Nagar: Rs 1,430 per sq.ft (2024)
• M.R. Avenue: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees together to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariamman koil Street?

The Sub Registrar Office that covers Mariamman koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chennerkuppam. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value recognized by the state.

When selling property, the guideline value can also influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Mariamman koil Street?

The current guideline value of Mariamman koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 413% over the years.

What are the stamp duty and registration fees for property in Mariamman koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000. The stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office is responsible for Mariamman koil Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for Mariamman koil Street.

What is the land classification for Mariamman koil Street?

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