Guideline Value for Muthu Mariyamman Koil Street

Muthu Mariyamman Koil Street guideline value

The current guideline value of Muthu Mariyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kunduperumpedu village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Muthu Mariyamman Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 100 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision restored the value back to Rs 150 per sq.ft, which was a 50% increase from the 2017 figure. The current 2024 revision maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Muthu Mariyamman Koil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 0%.

Guideline values in Kunduperumpedu

Kunduperumpedu has a total of 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, positioning Muthu Mariyamman Koil Street's value below this median.

• Nagathamman Koil Street: Rs 150 per sq.ft (2024)
• Pallikkuda Street: Rs 150 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• peninsula Nagar: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that 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 Muthu Mariyamman Koil Street?

The Sub Registrar Office that covers Muthu Mariyamman Koil Street is the Sriperumpudur Sub Registrar Office, 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 Kunduperumpedu

The guideline value is a crucial factor in the registration of property transactions in Kunduperumpedu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Muthu Mariyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 150 per sq.ft in 2012, reduced to Rs 100 per sq.ft in 2017, increased back to Rs 150 per sq.ft in 2023, and remains at Rs 150 per sq.ft in 2024.

What is the land classification of Muthu Mariyamman Koil Street?

Muthu Mariyamman Koil Street is classified as Residential Class III Type - I, indicating its designated use for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.

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

The Sub Registrar Office for Muthu Mariyamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided links.