Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

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 2012 revision set the value at Rs 200 per sq.ft, which was a decrease of 33% from Rs 134 per sq.ft in the 2017 revision. The 2017 to 2023 period maintained the value at Rs 200 per sq.ft, showing an increase of 49% from the previous revision. The current 2024 revision also maintains the guideline value at Rs 200 per sq.ft, reflecting a change of 0% from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which means Mariyamman Koil Street's 2024 figure is below that median.

• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

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.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

The current guideline value of Mariyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the median guideline value for streets in Vadakal?

The median guideline value for the 31 streets in Vadakal is Rs 300 per sq.ft, which is higher than the current value of Mariyamman Koil Street.

What are the stamp duty rates for properties in this area?

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

Where can I find the Sub Registrar Office for Mariyamman Koil Street?

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