Guideline Value for MuthuMariamman Kovil Street (colony)

MuthuMariamman Kovil Street (colony) guideline value

The current guideline value of MuthuMariamman Kovil Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of MuthuMariamman Kovil Street (colony) has changed

Over the years, the guideline value for MuthuMariamman Kovil Street (colony) has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision, where it was adjusted to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft, which was maintained in the 2024 revision with no change.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 200 per sq.ft.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. MuthuMariamman Kovil Street (colony) is below this median value.

• Mother Land: Rs 250 per sq.ft (2024)
• M.G.R Street (colony): Rs 200 per sq.ft (2024)
• OMS green city: Rs 1,790 per sq.ft (2024)
• Main Road: Rs 250 per sq.ft (2024)
• Parivender Nagar: Rs 500 per sq.ft (2024)
• Lakshmi Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in MuthuMariamman Kovil Street (colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers MuthuMariamman Kovil Street (colony)?

The MuthuMariamman Kovil Street (colony) is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Vattampakkam. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that these fees are based on a standardized valuation of properties within the area.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid unexpected charges during registration.

Frequently asked questions

What is the current guideline value of MuthuMariamman Kovil Street (colony)?

The current guideline value of MuthuMariamman Kovil Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023.

Which Sub Registrar Office covers this street?

The Sunguvarchattram Sub Registrar Office covers MuthuMariamman Kovil Street (colony), located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for property here?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the higher of the guideline value or the sale price.

What is the land classification for MuthuMariamman Kovil Street (colony)?

The land classification for MuthuMariamman Kovil Street (colony) is Residential Class II Type - I, indicating its suitability for residential development.