Guideline Value for Mariamman koil kuruku street

Mariamman koil kuruku street guideline value

The current guideline value of Mariamman koil kuruku street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Nandimedu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mariamman koil kuruku street has changed

Looking at the revisions, the guideline value for Mariamman koil kuruku street was Rs 175 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a guideline value of Rs 117 per sq.ft, showing a 50% increase from 2017 to 2023. Prior to that, in the 2012 revision, the value was Rs 175 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 175 per sq.ft.

The register has no figure for this street in the years 2002, 2003, and 2007. The 2012 revision was Rs 175 per sq.ft, and the 2017 revision was Rs 117 per sq.ft, leading to the changes noted above.

Guideline values in Nandimedu

Nandimedu village has 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median of Rs 191 per sq.ft. Mariamman koil kuruku street's 2024 figure is below this median.

• Mariamman koil street: Rs 175 per sq.ft (2024)
• Kamathenu Farms: Rs 175 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Periya Theru: Rs 250 per sq.ft (2024)
• Perumal koil street: Rs 200 per sq.ft (2024)
• Pillaiyar koil street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman koil kuruku street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, leading to a total cost of Rs 15,750. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mariamman koil kuruku street?

The Sub Registrar Office that covers Mariamman koil kuruku 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 Nandimedu

The guideline value is a crucial factor in property transactions in Nandimedu. It serves as the minimum value for which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is assessed to determine the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall transaction costs.

Frequently asked questions

What is the current guideline value of Mariamman koil kuruku street?

The current guideline value of Mariamman koil kuruku street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 175 per sq.ft in 2023 and 2024, Rs 117 per sq.ft in 2017, and Rs 175 per sq.ft in 2012. There were no recorded figures for the years 2002, 2003, and 2007.

What are the other streets in Nandimedu with their guideline values?

Other streets in Nandimedu include Mariamman koil street and Kamathenu Farms at Rs 175 per sq.ft, Pallikuda Theru and Periya Theru at Rs 250 per sq.ft, and Perumal koil street and Pillaiyar koil street at Rs 200 per sq.ft.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.

Where can I find the Sub Registrar Office for Mariamman koil kuruku street?

The Sub Registrar Office for Mariamman koil kuruku street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.