Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street in Thandalam village, under the Sriperumpudur SRO, is Rs 505 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Mariyamman Koil Street has changed

The guideline value for Mariyamman Koil Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 505 per sq.ft, marking a 1% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Mariyamman Koil Street. Overall, the guideline value has increased by just 1% from the 2012 figure to the current 2024 figure.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Mariyamman Koil Street's 2024 figure above this median.

• Main Road: Rs 700 per sq.ft (2024)
• Kulakkarai Street: Rs 300 per sq.ft (2024)
• Keevalore Road: Rs 505 per sq.ft (2024)
• Pallikuda Street: Rs 300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 300 per sq.ft (2024)
• Iyra Anandham: Rs 1,750 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 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total cost for these fees to Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Thandalam

The guideline value is a crucial factor when registering property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller registers a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Mariyamman Koil Street?

The current guideline value for Mariyamman Koil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 35,350, and the registration fee would be Rs 10,100, totaling Rs 45,450.

Which office handles property registrations for Mariyamman Koil Street?

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

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for calculating the fees based on the guideline value.