Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Srinivasapuram village, under the Kunrathur SRO, and is classified as Residential Class I 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 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and further rose to the current rate of Rs 1,550 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, there was an 11% increase. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Mariyamman Koil Street's 2024 figure below that median.

• Marshal Lay out: Rs 1,550 per sq.ft (2024)
• M.G.R. Street: Rs 1,550 per sq.ft (2024)
• Kasi Avenue: Rs 2,000 per sq.ft (2024)
• Kamatchi amman Nagar: Rs 2,000 per sq.ft (2024)
• Perumal Koil Street: Rs 1,550 per sq.ft (2024)
• Indira Nagar Extension: Rs 1,550 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 1,550 per sq.ft, the guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Srinivasapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure they are compliant with local regulations during the registration process.

When registering a property, the guideline value will be referenced to calculate the necessary fees. This ensures that the transaction is recorded accurately and reflects the current market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

The current guideline value of Mariyamman Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the median guideline value in Srinivasapuram?

The median guideline value in Srinivasapuram for 2024 is Rs 1,650 per sq.ft, with Mariyamman Koil Street's value being below this median.

What are the stamp duty and registration fees for a property on Mariyamman Koil Street?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500, and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Where is the Sub Registrar Office for Mariyamman Koil Street located?

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