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 Vallam village, under the Sriperumpudur SRO, and falls under Residential Class III Type - I land classification.

How the guideline value of Mariyamman Koil Street has changed

Over the years, the guideline value for Mariyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, reflecting a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing it back to Rs 200 per sq.ft.

For the 2024 revision, the guideline value remains the same at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. Mariyamman Koil Street's 2024 figure aligns with this median.

• Mettu Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Little Farms: Rs 200 per sq.ft (2024)
• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Kumaran Nagar: Rs 200 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 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, totaling 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 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Vallam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The buyer must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value is assessed to ensure compliance with legal requirements. This process helps maintain transparency and fairness in property dealings, ensuring that all parties are aware of the financial implications involved in the transaction.

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?

Since 2012, the guideline value has fluctuated, with a peak of Rs 200 per sq.ft in 2012, a drop to Rs 134 per sq.ft in 2017, and then a return to Rs 200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Mariyamman Koil Street?

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

What is the land classification of Mariyamman Koil Street?

Mariyamman Koil Street falls under the Residential Class III Type - I land classification, indicating its suitability for residential purposes.