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_B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mariyamman Koil Street has changed

In the 2017 revision, the guideline value for Mariyamman Koil Street was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 maintains the same value of Rs 200 per sq.ft, resulting in a 49% increase from the 2017 figure to the current value.

It is important to note that there are no figures available for Mariyamman Koil Street in the revisions from 2002, 2003, 2007, and 2012. Consequently, the guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which indicates that Mariyamman Koil Street's 2024 figure is below this 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is essential 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 Vadakal_B

The guideline value is a critical factor in property transactions in Vadakal_B, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

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 for Mariyamman Koil Street has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2024, marking a 49% increase over this period. There were no changes in the years 2023 to 2024.

What are the other streets in Vadakal_B and their guideline values?

Vadakal_B has several streets with varying guideline values. For example, Kayathiri Nagar has a value of Rs 550 per sq.ft, while Kari Vinayagar Nagar and Kalaignar Nagar both have a value of Rs 200 per sq.ft.

What is the stamp duty for property in Mariyamman Koil Street?

The stamp duty for property in Mariyamman Koil Street is calculated at 7% of the guideline value. For a property valued at Rs 2,00,000, the stamp duty would amount to Rs 14,000.

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. This office handles the registration of properties in the area.