Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

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

How the guideline value of Mariyamman Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2023 revision also maintained this rate, and the 2024 revision continues with the same figure, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 concerning Mariyamman Koil Street. Overall, from the 2012 to the 2024 revisions, the guideline value remains unchanged at Rs 300 per sq.ft.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, placing Mariyamman Koil Street above this median at Rs 300 per sq.ft.

• Mettu Street: Rs 300 per sq.ft (2024)
• M.G.R Street: Rs 150 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Naari Kazhani Street: Rs 150 per sq.ft (2024)
• New Bank of India Colony: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariyamman Koil Street?

The Sub Registrar Office that covers Mariyamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Katrampakkam. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware that these fees are calculated on the higher of the guideline value or the actual sale price of the property.

When engaging in property transactions, it is essential to check the current guideline value to ensure compliance with local regulations and to understand the financial implications of the purchase or sale. This helps in avoiding any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2012 revision, experiencing a decrease to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Mariyamman Koil Street?

The Sriperumpudur Sub Registrar Office handles registrations for Mariyamman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value in Katrampakkam?

The median guideline value in Katrampakkam is Rs 250 per sq.ft, with Mariyamman Koil Street's value of Rs 300 per sq.ft being above this median.