Guideline Value for Mariyappan Street

Mariyappan Street guideline value

The current guideline value of Mariyappan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Mariyappan Street has changed

In the 2023 revision, the guideline value for Mariyappan Street was Rs 7,000 per sq.ft. The increase from 2023 to 2024 represents a change of +10%, bringing the current value to Rs 7,700 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures recorded are from 2023 and 2024. The absence of figures for the earlier years indicates that there were no registered values for Mariyappan Street during those periods.

Guideline values in Mylapore Part 2

Mylapore Part 2 contains 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Mariyappan Street's 2024 figure below this median.

• Mariyappan Lane: Rs 7,700 per sq.ft (2024)
• Masilamani Road & Street: Rs 7,700 per sq.ft (2024)
• Mani Mudaliyar Thottam: Rs 7,700 per sq.ft (2024)
• Maharani Chinnamma Road: Rs 15,400 per sq.ft (2024)
• Maharaja Surya Road: Rs 15,400 per sq.ft (2024)
• Maharaja Badmavathi Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mariyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 Mariyappan Street?

The Sub Registrar Office that covers Mariyappan Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It determines the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for completing the transaction legally. Buyers should be aware of the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mariyappan Street?

The current guideline value of Mariyappan Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft, which is higher than the current value of Mariyappan Street.

Where is the Sub Registrar Office for Mariyappan Street located?

The Sub Registrar Office for Mariyappan Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 6,93,000 in fees.