Guideline Value for Marriyamman Koil Street

Marriyamman Koil Street guideline value

The current guideline value of Marriyamman Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Marriyamman Koil Street has changed

The guideline value for Marriyamman Koil Street has undergone several revisions over the years. In 2003, the value was Rs 185 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. By 2012, the guideline value rose to Rs 3,500 per sq.ft, but it then decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023 and further rose to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1981%. The register has no figure for the year 2002 for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Marriyamman Koil Street's 2024 value of Rs 3,850 per sq.ft is above this median.

• Marriyamman Cross Street: Rs 3,300 per sq.ft (2024)
• Mariamman Koil 2nd Cross St.: Rs 2,200 per sq.ft (2024)
• Malliga Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Malliga Nagar 2nd & 3rd Street: Rs 3,850 per sq.ft (2024)
• Malliga Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Munavar Avenue (4 & 5th Street): Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Marriyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these charges Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Marriyamman Koil Street?

The Sub Registrar Office that covers Marriyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Issa Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Marriyamman Koil Street?

The current guideline value of Marriyamman Koil Street is Rs 3,850 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 185 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Issa Pallavaram?

The median guideline value in Issa Pallavaram is Rs 3,300 per sq.ft, with Marriyamman Koil Street's current value being above this median.

What are the stamp duty rates for properties in Marriyamman Koil Street?

The stamp duty for properties in Marriyamman Koil Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Marriyamman Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.