Guideline Value for SATHANOOR MARIAMMAN KOIL STREET

Sathanoor Mariamman Koil Street guideline value

The current guideline value of Sathanoor Mariamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO, classified as Residential Special Type - III.

How the guideline value of Sathanoor Mariamman Koil Street has changed

The guideline value for Sathanoor Mariamman Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which saw a significant increase to Rs 600 per sq.ft in 2012. However, this value decreased to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 600 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 660 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by an impressive 1000%, reflecting substantial changes over the years.

Guideline values in Mathuranthagam

In Mathuranthagam village, 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. Sathanoor Mariamman Koil Street's 2024 guideline value of Rs 660 per sq.ft is below this median.

• Sathanoor Kalakkapudur: Rs 660 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase II: Rs 660 per sq.ft (2024)
• Santhai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sathanoor 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 amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathanoor Mariamman Koil Street?

The Sub Registrar Office that covers Sathanoor 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 critical factor when registering property in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction process.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the fees based on the property’s value. This ensures that the registration process is consistent and transparent, adhering to the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sathanoor Mariamman Koil Street?

The current guideline value of Sathanoor 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 from Rs 60 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking a significant overall increase of 1000% over the years.

What is the registration office for Sathanoor Mariamman Koil Street?

The registration office for Sathanoor Mariamman Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated on properties in Sathanoor Mariamman Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.

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

Other streets in Mathuranthagam that share the same guideline value of Rs 660 per sq.ft in 2024 include Sathanoor Kalakkapudur, Sathanoor New Street, Sathanoor Old Street, Sdk Avenue Phase- I, and Sdk Avenue Phase II.