Guideline Value for Mariyamman Koil Street

Mariyamman Koil Street guideline value

The current guideline value of Mariyamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of Mariyamman Koil Street has changed

The guideline value for Mariyamman Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sundaracholavaram

Sundaracholavaram has a total of 57 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which is equal to the current guideline value of Mariyamman Koil Street.

• M.R. Nagar & Extension: Rs 550 per sq.ft (2024)
• Murudev Nagar: Rs 660 per sq.ft (2024)
• kiramani Main&cross Street: Rs 660 per sq.ft (2024)
• Kasthuri Bai Nagar - II: Rs 880 per sq.ft (2024)
• Kasthuri Bai Nagar - I: Rs 880 per sq.ft (2024)
• Kasthuri Bai Nagar, Avenue & Extension: Rs 880 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 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mariyamman Koil Street?

The Mariyamman Koil Street falls under 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 Sundaracholavaram

The guideline value is a crucial factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Mariyamman Koil Street?

The current guideline value of Mariyamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Mariyamman Koil Street?

Mariyamman Koil Street is classified as Residential Class I Type - III under the Kunrathur SRO.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

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

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