Guideline Value for Muthumariammankovil Street

Muthumariammankovil Street guideline value

The current guideline value of Muthumariammankovil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Muthumariammankovil Street has changed

The guideline value for Muthumariammankovil Street has seen several revisions over the years. In 2002, the value was Rs 101 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007, marking a change of +225%. The value then rose dramatically to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of +357%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, indicating a drop of -33%. The value then saw a significant increase to Rs 1,500 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by +49%. The overall change from 2002 to 2024 is +1385%. It is important to note that the register has no figure for Muthumariammankovil Street in 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the 2024 figure for Muthumariammankovil Street.

• Muthatamil Street: Rs 1,000 per sq.ft (2024)
• Nagarajapuram: Rs 1,200 per sq.ft (2024)
• Nandheswarar Avenue: Rs 1,500 per sq.ft (2024)
• Nandheswarar Nagar 1 Street: Rs 1,500 per sq.ft (2024)
• Nandhewarar Nagar 2 Street: Rs 1,500 per sq.ft (2024)
• Nangooram Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariammankovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Muthumariammankovil Street?

The Sub Registrar Office that covers Muthumariammankovil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Muthumariammankovil Street?

The current guideline value of Muthumariammankovil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 101 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of +1385%.

What is the land classification for Muthumariammankovil Street?

Muthumariammankovil Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Muthumariammankovil Street?

The Gooduvancheri Sub Registrar Office covers Muthumariammankovil Street, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

How is stamp duty calculated for properties in Muthumariammankovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a plot valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.