Guideline Value for Muthumariamman Koil Street

Muthumariamman Koil Street guideline value

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

How the guideline value of Muthumariamman Koil Street has changed

The guideline value for Muthumariamman Koil Street has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 400 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 225%. However, it then decreased to Rs 871 per sq.ft in 2017, reflecting a drop of 33%. Following this, the value surged to Rs 1,300 per sq.ft in 2023, and then further increased to the current rate of Rs 1,400 per sq.ft in 2024, which is an 8% rise from the previous year.

There are no recorded figures for Muthumariamman Koil Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 250%, showcasing a significant change over the years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which places Muthumariamman Koil Street's current value below that median.

• MuthuMariamman Koil Street (A.K.A. Nagar): 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

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 to Rs 1,26,000. Please 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 Koil Street?

The Sub Registrar Office that covers 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.

To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street?

The current guideline value of Muthumariamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 1,400 per sq.ft in 2024, which is a total increase of 250% over the years.

What is the land classification for Muthumariamman Koil Street?

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

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

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

How are stamp duty and registration fees calculated for properties in Oragadam?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate amount is charged during the registration process.