Guideline Value for Mariya Puram

Mariya Puram guideline value

The current guideline value of Mariya Puram is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village under the Sunguvarchattram SRO, classified as Residential Special Type - III.

How the guideline value of Mariya Puram has changed

Since the 2012 revision, the guideline value for Mariya Puram has seen fluctuations. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 600 per sq.ft. The 2017 revision had a lower value of Rs 402 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft.

The 2024 revision maintains the guideline value at Rs 600 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with the 2024 guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, which aligns with the guideline value of Mariya Puram.

• Mariamman Kovil Street: Rs 300 per sq.ft (2024)
• Matthamman Kovil Street: Rs 700 per sq.ft (2024)
• Mettu Street: Rs 300 per sq.ft (2024)
• Mookambigai Nagar I & II: Rs 300 per sq.ft (2024)
• Lucky Land: Rs 605 per sq.ft (2024)
• Loordu Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Mariya Puram

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value totals Rs 6,00,000. The stamp duty at 7% amounts to Rs 42,000, and the registration fee at 2% is Rs 12,000, bringing the total fees to Rs 54,000. 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 Mariya Puram?

The Sub Registrar Office that covers Mariya Puram is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Molachoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for both parties to be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mariya Puram?

The current guideline value of Mariya Puram is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with fluctuations in between. The value decreased to Rs 402 per sq.ft in 2017 and returned to Rs 600 per sq.ft by 2023.

What is the land classification for Mariya Puram?

Mariya Puram is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the other streets in Molachoor and their guideline values?

Other streets in Molachoor include Mariamman Kovil Street at Rs 300 per sq.ft, Matthamman Kovil Street at Rs 700 per sq.ft, and several others, with values ranging from Rs 300 to Rs 605 per sq.ft.

Where is the Sub Registrar Office for Mariya Puram located?

The Sub Registrar Office covering Mariya Puram is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.