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 Puthuper village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Muthu Mariyamman Koil Street has changed

Over the years, the guideline value of Muthu Mariyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision had a lower figure of Rs 100 per sq.ft, marking a decrease of 33% from the previous value. The overall change from 2012 to 2024 shows no increase, as the current value remains at Rs 150 per sq.ft.

From 2017 to 2023, the value increased by 50%, but there was no change from 2023 to 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has a total of 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 Street's value below this median.

• Muthu Mariyamman Koil Cross Street: Rs 100 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total 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, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthu Mariyamman Koil Street?

The Muthu Mariyamman Koil Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Puthuper, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures that both parties are aware of the financial obligations involved in the sale.

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 remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, and then a return to Rs 150 per sq.ft in 2023. There has been no change from 2023 to 2024.

What is the land classification for Muthu Mariyamman Koil Street?

Muthu Mariyamman Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value.

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

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