Guideline Value for SUNAMBEDU ROAD, MARIAMMAN KOIL STREET

Sunambedu Road, Mariamman Koil Street guideline value

The current guideline value of Sunambedu Road, Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village under the Madurandakam SRO, classified as Commercial Class I Type - I.

How the guideline value of Sunambedu Road, Mariamman Koil Street has changed

The guideline value for Sunambedu Road, Mariamman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 186%. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase, before reaching the current figure of Rs 1,100 per sq.ft in 2024, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Sunambedu Road, Mariamman Koil Street aligns with this median.

• Sundararam Nagar: Rs 1,110 per sq.ft (2024)
• Subhadra Farm Land & Residency: Rs 1,100 per sq.ft (2024)
• Tambiran Nagar: Rs 1,110 per sq.ft (2024)
• THENRAYAN STREET (a) BHARATHIYAR STREET: Rs 1,110 per sq.ft (2024)
• Sri Saibaba Nagar Extn: Rs 1,105 per sq.ft (2024)
• Sri Ranga Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Sunambedu Road, Mariamman 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 would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunambedu Road, Mariamman Koil Street?

The Sub Registrar Office that covers Sunambedu Road, 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 plays a crucial role in property transactions in Mathuranthagam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value serves as a benchmark for property valuation, helping both parties to understand the potential costs involved in a transaction. It is important to refer to the latest guideline values to ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of Sunambedu Road, Mariamman Koil Street?

The current guideline value of Sunambedu Road, Mariamman 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 significantly from Rs 350 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 214% over the years.

What is the registration office for Sunambedu Road, Mariamman Koil Street?

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

What are the stamp duty rates for property in this area?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the guideline values in Mathuranthagam?

More information about the guideline values in Mathuranthagam can be found through the Registration Department's guideline value register (TNReginet) or by visiting the local Sub Registrar Office.