Guideline Value for Mariyamman Koil Street Block 80

Mariyamman Koil Street Block 80 guideline value

The current guideline value of Mariyamman Koil Street Block 80 is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Mariyamman Koil Street Block 80 has changed

The guideline value for Mariyamman Koil Street Block 80 has undergone several revisions over the years. The 2007 revision recorded a value of Rs 620 per sq.ft, which increased significantly to Rs 2,010 per sq.ft in the 2017 revision, marking a change of +224%. Following this, the 2023 revision saw the value rise to Rs 3,000 per sq.ft, reflecting an increase of +49%. The most recent 2024 revision has further raised the guideline value to Rs 3,300 per sq.ft, which is a +10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by +432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure for Mariyamman Koil Street Block 80 below that median.

• Mariyappa Naicken Street: Rs 3,300 per sq.ft (2024)
• Marutham Street: Rs 3,300 per sq.ft (2024)
• Maruthu Pandiyar Street: Rs 3,300 per sq.ft (2024)
• Manthoppu Colony: Rs 8,800 per sq.ft (2024)
• Masilamani Mudaly Street: Rs 3,300 per sq.ft (2024)
• Mastan Ali Garden: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil Street Block 80

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 to Rs 2,97,000. 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 Mariyamman Koil Street Block 80?

The Sub Registrar Office that covers Mariyamman Koil Street Block 80 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as this can significantly impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in budgeting for the additional fees associated with property registration.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street Block 80?

The current guideline value of Mariyamman Koil Street Block 80 is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +432% over the years.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Mariyamman Koil Street Block 80?

The Ashok Nagar Sub Registrar Office handles registrations for Mariyamman Koil Street Block 80, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that need to be paid during the registration process. It is essential for both buyers and sellers to consider the guideline value when planning their property transactions.