Guideline Value for Muthumariamman Koil Street

Muthumariamman Koil Street guideline value

The current guideline value of Muthumariamman Koil Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Muthumariamman Koil Street has changed

The guideline value for Muthumariamman Koil Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision and further rose to Rs 950 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, placing Muthumariamman Koil Street's 2024 value below that median.

• Navin Sanctum: Rs 4,000 per sq.ft (2024)
• M.G.R.Street: Rs 880 per sq.ft (2024)
• Nehru Street: Rs 850 per sq.ft (2024)
• Neminathan Nagar: Rs 1,600 per sq.ft (2024)
• Metha Nagar Main Road: Rs 2,150 per sq.ft (2024)
• Metha Nagar: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Muthumariamman Koil Street?

The Sub Registrar Office covering Muthumariamman Koil Street is the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO online for more details.

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

The guideline value is a crucial factor during property registration in Rajakilpakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on a standardized valuation rather than individual sale prices.

When buying or selling property, it is essential to consider the guideline value as it affects the overall transaction costs. Buyers and sellers should be aware that the guideline value may vary between different streets within the same area, impacting their financial planning during the registration process.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street?

The current guideline value of Muthumariamman Koil Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,50,000. The stamp duty is Rs 66,500, and the registration fee is Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Muthumariamman Koil Street?

The Selaiyur Sub Registrar Office handles registrations for Muthumariamman Koil Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, which is higher than the current guideline value of Muthumariamman Koil Street.