Guideline Value for Mariamman koil street

Mariamman koil street guideline value

The current guideline value of Mariamman koil street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO, 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 undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision saw the value rise to Rs 2,000 per sq.ft, and the most recent 2024 revision has increased it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for Mariamman koil street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Mariamman koil street.

• Mani Nagar: Rs 2,200 per sq.ft (2024)
• Masudhi street: Rs 2,740 per sq.ft (2024)
• Malliam Narasima nagar: Rs 2,200 per sq.ft (2024)
• Meera sahib street: Rs 2,200 per sq.ft (2024)
• Melma nagar: Rs 2,200 per sq.ft (2024)
• MG nagar: Rs 4,950 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Poonthamallee. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Mariamman koil street?

The current guideline value of Mariamman koil street is Rs 2,200 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 2,200 per sq.ft in 2024, marking a significant overall increase of 633% over the years.

What is the stamp duty for property in Mariamman koil street?

The stamp duty for property in Mariamman koil street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Which office handles property registrations in Poonthamallee?

The Poonamallee Sub Registrar Office handles property registrations in Poonthamallee. It is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification of Mariamman koil street?

Mariamman koil street is classified as Residential Class II Type - I, which is relevant for determining its guideline value and usage.