Guideline Value for Muthu Mariyamman Street

Muthu Mariyamman Street guideline value

The current guideline value of Muthu Mariyamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Muthu Mariyamman Street has changed

The guideline value for Muthu Mariyamman Street has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 400 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 650% rise. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 725%.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft, with a median value of Rs 3,900 per sq.ft. Muthu Mariyamman Street's 2024 guideline value of Rs 3,300 per sq.ft is below this median.

• Nandampakkam Colony Street: Rs 3,900 per sq.ft (2024)
• Mount Poondamalli Road: Rs 8,300 per sq.ft (2024)
• North Mada Street: Rs 3,900 per sq.ft (2024)
• North Mada Veedhi: Rs 3,900 per sq.ft (2024)
• Mariyapuram Mada Koil First Street: Rs 3,300 per sq.ft (2024)
• Mariapuram Mada Koil 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mariyamman Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Mariyamman Street?

The Muthu Mariyamman Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Nandhambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately in the official registry. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthu Mariyamman Street?

The current guideline value of Muthu Mariyamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 725%. There have been several revisions, with significant changes noted between the years.

What are the stamp duty and registration fees for property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000. This includes a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.

Which Sub Registrar Office is responsible for Muthu Mariyamman Street?

The Alandur Sub Registrar Office covers Muthu Mariyamman Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Muthu Mariyamman Street?

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