Guideline Value for Sri umariamman Kovil Street

Sri umariamman Kovil Street guideline value

The current guideline value of Sri umariamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sri umariamman Kovil Street has changed

The guideline value for Sri umariamman Kovil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the guideline value decreased to Rs 134 per sq.ft, marking a reduction of 33%. However, this value increased significantly to Rs 200 per sq.ft in 2023, representing a 49% rise. The current guideline value remains at Rs 200 per sq.ft as per the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Sri umariamman Kovil Street. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 200 per sq.ft.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, indicating that the value for Sri umariamman Kovil Street is below this median.

• Sri Renugambal Nagar: Rs 505 per sq.ft (2024)
• Srinivasapuram: Rs 250 per sq.ft (2024)
• Thabalmedu: Rs 305 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 275 per sq.ft (2024)
• SriAnandavalli Nagar: Rs 700 per sq.ft (2024)
• Uratchimandra Aluvalaga street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri umariamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000 in fees. 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 information.

Which Sub Registrar Office covers Sri umariamman Kovil Street?

The Sub Registrar Office that covers Sri umariamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Mambakkam. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process. This ensures that the transaction is recorded accurately and in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. The guideline value is a benchmark that helps in assessing the property's worth and calculating the associated costs.

Frequently asked questions

What is the current guideline value of Sri umariamman Kovil Street?

The current guideline value of Sri umariamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and remains at that value for 2024.

What are the other streets in Mambakkam with their guideline values?

Other streets in Mambakkam include Sri Renugambal Nagar at Rs 505 per sq.ft, Srinivasapuram at Rs 250 per sq.ft, and Thabalmedu at Rs 305 per sq.ft, among others.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.

Which office handles the registration for Sri umariamman Kovil Street?

The registration for Sri umariamman Kovil Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.