Guideline Value for Marthamman Koil Street

Marthamman Koil Street guideline value

The current guideline value of Marthamman Koil Street is Rs 200 per sq.ft. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Marthamman Koil Street has changed

The guideline value for Marthamman Koil Street has undergone several revisions. The oldest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, maintaining the same value in the 2024 revision, resulting in a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 200 per sq.ft. This stability follows a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, indicating a consistent valuation over the recent years.

Guideline values in Nemili_B

In Nemili_B, a total of 97 streets are recorded under the Sriperumpudur SRO, with guideline values for 2024 ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, positioning Marthamman Koil Street's current value below this median.

• Marshal Share: Rs 300 per sq.ft (2024)
• Manasa Devi Nagar: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 per sq.ft (2024)
• Madhuramman Koil Street: Rs 150 per sq.ft (2024)
• Madhuramman Koil Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Marthamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marthamman Koil Street?

The Sub Registrar Office that covers Marthamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. This helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Marthamman Koil Street?

The current guideline value of Marthamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% from Rs 134 per sq.ft to Rs 200 per sq.ft in 2023 and has remained stable at that rate in 2024.

What are the guideline values of other streets in Nemili_B?

Other streets in Nemili_B have varying guideline values, ranging from Rs 150 to Rs 1,500 per sq.ft, with the median being Rs 250 per sq.ft.

What fees are associated with property transactions on Marthamman Koil Street?

When transacting property on Marthamman Koil Street, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.

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

The Sub Registrar Office for Marthamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.