Guideline Value for Marian Street

Marian Street guideline value

The current guideline value of Marian Street, located in Anakaputhur village, is Rs 1,760 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Marian Street has changed

The guideline value of Marian Street has seen significant changes over the years. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was a change of approximately 39%. The 2017 revision marked a substantial rise to Rs 1,072 per sq.ft, reflecting a 257% increase from the 2007 figure. In 2023, the value rose again to Rs 1,600 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 brought the guideline value to Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 715%. It is important to note that there are no figures available for the years 2002 and 2012 in the register for Marian Street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which means Marian Street's 2024 value is below this median.

• Mannarswami Koil Street: Rs 1,760 per sq.ft (2024)
• Mannarsamy Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Mettu Cross Street: Rs 1,320 per sq.ft (2024)
• Mettu Street: Rs 1,760 per sq.ft (2024)
• M.G.R.2nd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. 3rd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Marian Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for these fees would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marian Street?

The Sub Registrar Office that covers Marian Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and legally.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value, which helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Marian Street?

The current guideline value of Marian Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over this period.

What is the land classification for Marian Street?

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

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Marian Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,23,200.