Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mariyamman Koil Street has changed

The guideline value for Mariyamman Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 139 per sq.ft, which increased dramatically to Rs 1,273 per sq.ft in the 2017 revision, marking an increase of 816%. Following this, the value rose to Rs 1,900 per sq.ft in the 2023 revision, a 49% increase from 2017. The most recent revision in 2024 saw the guideline value reach Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for Mariyamman Koil Street. Overall, from 2003 to 2024, the guideline value has increased by 1,404%.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Mariyamman Koil Street.

• Mazudhi Street: Rs 2,090 per sq.ft (2024)
• Menaka Estate: Rs 2,090 per sq.ft (2024)
• Mettu Street: Rs 2,420 per sq.ft (2024)
• Mahalakshmi Nagar Main Road: Rs 2,090 per sq.ft (2024)
• Mahalakshmi Nagar Ist Main Road: Rs 2,090 per sq.ft (2024)
• Mahalakshmi Nagar 6th Main Road: Rs 2,090 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 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total cost for these fees to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

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

When you register a property, 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 in the area.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

The current guideline value of Mariyamman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 139 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, an overall increase of 1,404%.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 20,90,000, with stamp duty at Rs 1,46,300 and registration fees at Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Mariyamman Koil Street?

The Kunrathur Sub Registrar Office covers Mariyamman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Mariyamman Koil Street?

The land classification for Mariyamman Koil Street is Residential Special Type - I, indicating its designated use for residential purposes.