Guideline Value for Muthu Mariyamman Koil Cross Street

Muthu Mariyamman Koil Cross Street guideline value

The current guideline value of Muthu Mariyamman Koil Cross Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Puthuper village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Muthu Mariyamman Koil Cross Street has changed

The guideline value for Muthu Mariyamman Koil Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was Rs 67 per sq.ft, marking a decrease of 33% from the previous figure. The 2023 revision maintained the value at Rs 100 per sq.ft, and the 2024 revision again kept it at Rs 100 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 100 per sq.ft, showing no overall change despite fluctuations in earlier years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Muthu Mariyamman Koil Cross Street's 2024 figure below that median.

• Muthu Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 200 per sq.ft (2024)
• Pallavan Nagar: Rs 520 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)
• Mahalakshmi Garden: Rs 896 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mariyamman Koil Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. 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 Muthu Mariyamman Koil Cross Street?

The Muthu Mariyamman Koil Cross Street is covered by the Sriperumpudur Sub Registrar Office. The office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Muthu Mariyamman Koil Cross Street?

The current guideline value of Muthu Mariyamman Koil Cross Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 100 per sq.ft from 2012 to 2024, with fluctuations in earlier years. The most significant change was a 49% increase from 2017 to 2023.

What is the land classification for Muthu Mariyamman Koil Cross Street?

Muthu Mariyamman Koil Cross Street is classified as Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office covering Muthu Mariyamman Koil Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Puthuper?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.