Guideline Value for Muthumariamman Koil Street

Muthumariamman Koil Street guideline value

The current guideline value of Muthumariamman Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Muthumariamman Koil Street has changed

The guideline value of Muthumariamman Koil Street has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, the value dropped to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose to Rs 1,200 per sq.ft in 2023, and most recently to Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the 2024 guideline value of Muthumariamman Koil Street below that median.

• Muthtamil Nagar: Rs 1,320 per sq.ft (2024)
• Munuswamy Street: Rs 1,650 per sq.ft (2024)
• Munuswamy Naidu Street: Rs 1,650 per sq.ft (2024)
• Nagarathinam Nagar: Rs 3,300 per sq.ft (2024)
• Mount Street: Rs 1,100 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthumariamman Koil Street?

The Sub Registrar Office that covers Muthumariamman Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kadaperi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures that the appropriate fees are calculated based on the value set by the government. This helps in maintaining transparency and accuracy in property transactions.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street?

The current guideline value of Muthumariamman Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification for Muthumariamman Koil Street?

The land classification for Muthumariamman Koil Street is Residential Class I Type - III.

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

The Sub Registrar Office for Muthumariamman Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kadaperi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.