Guideline Value for Muthu Mariamman Koil Street

Muthu Mariamman Koil Street guideline value

The current guideline value of Muthu Mariamman Koil Street is Rs 1,980 per sq.ft. This street is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Muthu Mariamman Koil Street has changed

The guideline value for Muthu Mariamman Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 is a significant 64% increase.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting the adjustments made in the guideline values over time.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Muthu Mariamman Koil Street below this median.

• Muthu Ramalinga Devar Street: Rs 1,980 per sq.ft (2024)
• Multi Industrial Nagar: Rs 2,750 per sq.ft (2024)
• Moorthy Nagar: Rs 1,760 per sq.ft (2024)
• M.K.Nagar: Rs 1,980 per sq.ft (2024)
• M.G.R.Street (ward 9): Rs 1,980 per sq.ft (2024)
• M.G.R.Street (ward 1): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthu Mariamman Koil Street?

The Sub Registrar Office that covers Muthu Mariamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kerugambakkam, as it determines the minimum value at which property transactions can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall costs involved in property transactions. Ensuring that the sale price meets or exceeds the guideline value is necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value of Muthu Mariamman Koil Street?

The current guideline value of Muthu Mariamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification of Muthu Mariamman Koil Street?

Muthu Mariamman Koil Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the registration office for Muthu Mariamman Koil Street?

The registration office for Muthu Mariamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.