Guideline Value for Mariyamman Koil 3rd Street

Mariyamman Koil 3rd Street guideline value

The current guideline value of Mariyamman Koil 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Mariyamman Koil 3rd Street has changed

The guideline value for Mariyamman Koil 3rd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 419 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The value then saw a significant rise to Rs 3,000 per sq.ft in 2012, before dropping to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,300 per sq.ft.

From 2017 to 2023, there was a 49% increase in the guideline value, followed by a 10% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 688%. It is worth noting that the register has no figure for this street in 2002.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Mariyamman Koil 3rd Street above this median.

• Mariyamman Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Mariyamman Koil I1st Street: Rs 3,300 per sq.ft (2024)
• Mariyamman Koil Street: Rs 3,300 per sq.ft (2024)
• Market Lane: Rs 3,300 per sq.ft (2024)
• Mattry Square: Rs 2,200 per sq.ft (2024)
• Milagupillai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariyamman Koil 3rd Street?

The Sub Registrar Office that covers Mariyamman Koil 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is bought or sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mariyamman Koil 3rd Street?

The current guideline value of Mariyamman Koil 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 419 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 688% over the years.

Where can I find the registration office for Mariyamman Koil 3rd Street?

The registration office for Mariyamman Koil 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

What is the land classification for Mariyamman Koil 3rd Street?

Mariyamman Koil 3rd Street is classified as Residential Class I Type - II, indicating its suitability for residential development.