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_C village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Mariyamman Koil Street has changed

Over the years, the guideline value of Mariyamman Koil Street has seen several revisions. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 134 per sq.ft, which was a significant increase from previous years. By the 2023 revision, the value remained unchanged at Rs 200 per sq.ft. The latest revision in 2024 also maintains this figure at Rs 200 per sq.ft, resulting in an overall increase of 49% from 2017 to 2024.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 200 per sq.ft. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in the value over the seven-year period.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Mariyamman Koil Street's 2024 figure below this median.

• Melmaruvathur Adiparasakthi Nagar: Rs 550 per sq.ft (2024)
• M.G.R.Nagar: Rs 400 per sq.ft (2024)
• Mahidhara supreme classic: Rs 1,200 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Mohamed Nagar: Rs 300 per sq.ft (2024)
• Kumaran nagar: Rs 550 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 rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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_C

The guideline value is a critical factor during property transactions in Vadakal_C, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the costs involved.

At the time of registration, the guideline value is compared with the sale price, and the higher value is used to assess the applicable duties. This ensures transparency and compliance with regulations in 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 since the 2023 revision. It increased from Rs 134 per sq.ft in 2017, marking a 49% rise overall from 2017 to 2024.

What are the stamp duty rates applicable for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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

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

What is the land classification for Mariyamman Koil Street?

Mariyamman Koil Street is classified as Residential Class III Type - I, indicating its designation for residential use within the area.