Guideline Value for Mariamman koil Street

Mariamman koil Street guideline value

The current guideline value of Mariamman koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Mariamman koil Street has changed

The guideline value for Mariamman koil Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, which means that Mariamman koil Street's 2024 figure is above this median.

• Mannarsamy koil Street: Rs 1,980 per sq.ft (2024)
• Maruthy Enclave: Rs 1,870 per sq.ft (2024)
• Maruthy Nagar: Rs 1,870 per sq.ft (2024)
• Masilamani Nagar: Rs 1,870 per sq.ft (2024)
• Masilamani Nagar Annexe: Rs 1,480 per sq.ft (2024)
• Mangalapuram Colony Road: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mariamman koil Street?

The Mariamman koil Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find more information about your specific SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process of property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This means that the fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is legally compliant and properly documented.

Frequently asked questions

What is the current guideline value of Mariamman koil Street?

The current guideline value of Mariamman koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the classification of Mariamman koil Street?

Mariamman koil Street is classified as Residential Special Type - III under the Kunrathur SRO.

Where can I find the registration office for Mariamman koil Street?

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

How is the stamp duty calculated for properties in Mariamman koil Street?

Stamp duty for properties in Mariamman koil Street is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.