Guideline Value for Muthumariyamman Koil Street

Muthumariyamman Koil Street guideline value

The current guideline value of Muthumariyamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Muthumariyamman Koil Street has changed

The guideline value for Muthumariyamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it increased by 10% to the current rate of Rs 1,650 per sq.ft in 2024.

There are no figures available for Muthumariyamman Koil Street in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Muthumariyamman Koil Street's 2024 figure below that median.

• Muthuswamy Nagar 1st Layout: Rs 3,300 per sq.ft (2024)
• Muthuswamy Nagar 2nd Layout: Rs 3,300 per sq.ft (2024)
• Muthuswamy Nagar 3rd Layout: Rs 3,300 per sq.ft (2024)
• Muvendar Street: Rs 1,650 per sq.ft (2024)
• Muthamizh Nagar: Rs 2,970 per sq.ft (2024)
• Nallappa Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumariyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 accurate calculations.

Which Sub Registrar Office covers Muthumariyamman Koil Street?

The Sub Registrar Office that covers Muthumariyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Muthumariyamman Koil Street?

The current guideline value of Muthumariyamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What are the stamp duty and registration fees for a property in Muthumariyamman Koil Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office should I visit for property registration in Hastinapuram?

The Pallavaram Sub Registrar Office is responsible for property registration in Hastinapuram, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Muthumariyamman Koil Street?

Muthumariyamman Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.