Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sengadu village under the Sriperumpudur SRO, classified as 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 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% decline. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision also maintains this value at Rs 150 per sq.ft, reflecting no change from the previous year.

The register has no figure for Mariyamman Koil Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 150 per sq.ft.

Guideline values in Sengadu

In Sengadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft, with a median value of Rs 150 per sq.ft. Mariyamman Koil Street's 2024 figure aligns with this median.

• Mettu Street: Rs 150 per sq.ft (2024)
• Madhuraiveeran Koil Street: Rs 150 per sq.ft (2024)
• Kiran Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayaga Nagar: Rs 400 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Perumal Koil 3rd Street: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is important to note that 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 further calculations.

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 Sengadu

The guideline value plays a crucial role during the registration of property transactions in Sengadu. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

The current guideline value of Mariyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024. Overall, it has remained stable at Rs 150 per sq.ft from 2012 to 2024.

What are the stamp duty and registration fees for a property in Mariyamman Koil Street?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Mariyamman Koil Street?

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

What other streets have guideline values in Sengadu?

In Sengadu, there are several other streets with guideline values, including Mettu Street, Madhuraiveeran Koil Street, Kiran Nagar, Karpaga Vinayaga Nagar, Pathiratchi Amman Koil Street, and Perumal Koil 3rd Street, all listed with their respective rates.