Guideline Value for Muthumariamman Koil Street

Muthumariamman Koil Street guideline value

The current guideline value of Muthumariamman Koil Street is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Aangadu village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Muthumariamman Koil Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. It increased to Rs 250 per sq.ft in 2012, but then dropped to Rs 167 per sq.ft in 2017. The value saw a significant rise to Rs 250 per sq.ft in 2023, before reaching the current rate of Rs 275 per sq.ft in the 2024 revision. The register has no figure for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 150%, but then it decreased by 33% from 2012 to 2017. The value rose by 50% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Aangadu

In Aangadu, there are 23 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft, with the median being Rs 275 per sq.ft. Muthumariamman Koil Street's 2024 figure matches this median.

• Muthumariamman Koil 3rd Street: Rs 275 per sq.ft (2024)
• Muthumariamman Koil 2nd Street: Rs 275 per sq.ft (2024)
• New Sun City: Rs 220 per sq.ft (2024)
• New Sun City Extension: Rs 550 per sq.ft (2024)
• New Sun City Extension I: Rs 550 per sq.ft (2024)
• New Sun City Phase - I: Rs 330 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 rate of Rs 275 per sq.ft, the guideline value would be Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumariamman Koil Street?

The Sub Registrar Office covering Muthumariamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Aangadu. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Muthumariamman Koil Street?

The current guideline value of Muthumariamman Koil Street is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the other streets in Aangadu with similar guideline values?

Other streets in Aangadu with a guideline value of Rs 275 per sq.ft include Muthumariamman Koil 2nd Street and Muthumariamman Koil 3rd Street.

What is the stamp duty rate for properties in Muthumariamman Koil Street?

The stamp duty rate for properties in Muthumariamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Muthumariamman Koil Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.