Guideline Value for Old Mariyamman Koil Street

Old Mariyamman Koil Street guideline value

The current guideline value of Old Mariyamman Koil Street is Rs 1,001 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Old Mariyamman Koil Street has changed

Looking at the revisions, the guideline value for Old Mariyamman Koil Street has seen several changes over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. The value increased significantly to Rs 1,000 per sq.ft in 2023, and it has now risen slightly to Rs 1,001 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, there was an increase of 87%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, there has been a 25% increase in the guideline value. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value of Old Mariyamman Koil Street is below this median.

• Old Street: Rs 1,001 per sq.ft (2024)
• Nirmal Nagar: Rs 1,002 per sq.ft (2024)
• Pallavan Street: Rs 1,000 per sq.ft (2024)
• Palli Street: Rs 1,001 per sq.ft (2024)
• Pallvan Nagar: Rs 1,002 per sq.ft (2024)
• New Building Colony: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Old Mariyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old Mariyamman Koil Street?

The Sub Registrar Office that covers Old Mariyamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Menambedu. It serves as a benchmark for determining the registration fees and stamp duty applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Old Mariyamman Koil Street?

The current guideline value of Old Mariyamman Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification of Old Mariyamman Koil Street?

Old Mariyamman Koil Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Old Mariyamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 10,01,000 would incur a stamp duty of Rs 70,070 at 7%.