Guideline Value for Mariamman koil street

Mariamman koil street guideline value

The current guideline value of Mariamman koil street in Nandimedu village is Rs 175 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 koil street has changed

The guideline value for Mariamman koil street has seen several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged through the 2017 revision. However, in 2017, the value decreased to Rs 117 per sq.ft, marking a decline of 33%. The 2023 revision brought the value back to Rs 175 per sq.ft, and the current 2024 revision maintains this figure, showing no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 175 per sq.ft.

Guideline values in Nandimedu

Nandimedu has a range of guideline values across its streets, with 10 streets under the Sunguvarchattram SRO carrying a 2024 figure ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Mariamman koil street's 2024 figure below that median.

• Mariamman koil kuruku 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 street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total cost for these fees to Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman koil street?

The Sub Registrar Office that covers Mariamman koil street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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 serves as a benchmark for property transactions in Nandimedu. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the taxes are calculated appropriately based on the value of the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Mariamman koil street?

The current guideline value of Mariamman koil street is Rs 175 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a decrease to Rs 117 per sq.ft in 2017 before returning to Rs 175 per sq.ft in 2023.

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

Other streets in Nandimedu include Mariamman koil kuruku street and Kamathenu Farms at Rs 175 per sq.ft, and Pallikuda Theru and Periya Theru at Rs 250 per sq.ft, among others.

What fees are applicable when registering property in Mariamman koil street?

The fees applicable include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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