Guideline Value for Muthumariyamman Koil 3rd Street

Muthumariyamman Koil 3rd Street guideline value

The current guideline value of Muthumariyamman Koil 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Muthumariyamman Koil 3rd Street has changed

The guideline value for Muthumariyamman Koil 3rd Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Muthumariyamman Koil 3rd Street's value below this median.

• Muthumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Murugan Street (5): Rs 1,100 per sq.ft (2024)
• Murugan Street (4): Rs 1,100 per sq.ft (2024)
• Namazhvar Street: Rs 1,320 per sq.ft (2024)
• NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR): Rs 2,750 per sq.ft (2024)
• Narasimha Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariyamman Koil 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumariyamman Koil 3rd Street?

The Sub Registrar Office that covers Muthumariyamman Koil 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Muthumariyamman Koil 3rd Street?

The current guideline value of Muthumariyamman Koil 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What is the median guideline value in Pozhichalur?

The median guideline value for the 299 streets in Pozhichalur under the Pammal SRO is Rs 1,320 per sq.ft, which is above the guideline value of Muthumariyamman Koil 3rd Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.