Guideline Value for PERIYA COLONY MARIAMMAN KOIL STREET

Periya Colony Mariamman Koil Street guideline value

The current guideline value of Periya Colony Mariamman Koil Street is Rs 660 per sq.ft. This street is located in Mathuranthagam village, under the Madurandakam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Periya Colony Mariamman Koil Street has changed

Over the years, the guideline value of Periya Colony Mariamman Koil Street has seen significant changes. In 2007, the value was Rs 80 per sq.ft, which increased dramatically to Rs 600 per sq.ft by 2012, marking a rise of 650%. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The value then rose again to Rs 600 per sq.ft in 2023, and most recently, it has increased to Rs 660 per sq.ft in the 2024 revision, representing a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%, reflecting substantial changes in the pricing over the years.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Periya Colony Mariamman Koil Street is below this median.

• Periya Colony Madha Koil Street: Rs 660 per sq.ft (2024)
• Periya Colony North Street: Rs 660 per sq.ft (2024)
• PERUMAL KOIL STREET (a) SANNADHI STREET: Rs 1,100 per sq.ft (2024)
• Parthasarathi Naidu Street: Rs 1,110 per sq.ft (2024)
• Pallipattu Narasimhachari Street: Rs 1,110 per sq.ft (2024)
• Priority Garden: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 details.

Which Sub Registrar Office covers Periya Colony Mariamman Koil Street?

The Sub Registrar Office that covers Periya Colony Mariamman Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mathuranthagam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When purchasing a property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is advisable for buyers to check the current guideline value before proceeding with any transaction to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periya Colony Mariamman Koil Street?

The current guideline value of Periya Colony Mariamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting a total increase of 725% over the years.

What are the other streets with the same guideline value in Mathuranthagam?

Other streets in Mathuranthagam with the same guideline value of Rs 660 per sq.ft include Periya Colony Madha Koil Street and Periya Colony North Street.

Where can I find the Madurandakam Sub Registrar Office?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Periya Colony Mariamman Koil Street?

Stamp duty for properties in Periya Colony Mariamman Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.