Guideline Value for Muthumariyamman Koil Street

Muthumariyamman Koil Street guideline value

The current guideline value of Muthumariyamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Muthumariyamman Koil Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 1,320 per sq.ft. Muthumariyamman Koil Street's 2024 figure is below this median.

• Muthumariyamman Koil 3rd 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumariyamman Koil Street?

Muthumariyamman Koil Street falls under 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 further assistance.

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

The guideline value is a crucial factor when registering a property in Pozhichalur. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded in accordance with government regulations.

When buying or selling property, the guideline value serves as a reference point for the transaction price. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall costs involved in 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which registration office should I visit for Muthumariyamman Koil Street?

The Pammal Sub Registrar Office covers Muthumariyamman Koil Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Muthumariyamman Koil Street?

Muthumariyamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes under the local regulations.