Guideline Value for MuthuMariamman Koil Street (A.K.A. Nagar)

MuthuMariamman Koil Street (A.K.A. Nagar) guideline value

The current guideline value of MuthuMariamman Koil Street (A.K.A. Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of MuthuMariamman Koil Street (A.K.A. Nagar) has changed

The guideline value for MuthuMariamman Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 225%. However, this value dropped to Rs 871 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 saw the value rise to Rs 1,300 per sq.ft, and the latest revision in 2024 set it at Rs 1,400 per sq.ft, an increase of 8% from the previous year.

There are no figures available for MuthuMariamman Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Oragadam

Within Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. MuthuMariamman Koil Street's 2024 guideline value of Rs 1,400 per sq.ft is below this median.

• Muthumariamman Koil Street: Rs 1,400 per sq.ft (2024)
• Muthukumaran Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Muthu Kumaran Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Muthuraman Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Muthuvalli Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Nagammai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in MuthuMariamman Koil Street (A.K.A. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total charges to Rs 1,26,000. 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 MuthuMariamman Koil Street (A.K.A. Nagar)?

The Sub Registrar Office that covers MuthuMariamman Koil Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded accurately.

When buying or selling property, the guideline value helps both parties understand the official valuation set by the government, which is essential for compliance with legal requirements. This ensures that the transaction reflects the appropriate value for taxation and registration purposes.

Frequently asked questions

What is the current guideline value of MuthuMariamman Koil Street?

The current guideline value of MuthuMariamman Koil Street (A.K.A. Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the land classification for MuthuMariamman Koil Street?

MuthuMariamman Koil Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for MuthuMariamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in MuthuMariamman Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 98,000.