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Guideline Value

Corporate

Guideline Value for JAI MARUTHI NAGAR /AVENU

₹330/sq.ft.

The guideline value for Jai Maruthi Nagar /avenu in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jai Maruthi Nagar /avenu

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Jai Maruthi Nagar /Avenu guideline value

The current guideline value of Jai Maruthi Nagar /Avenu is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Jai Maruthi Nagar /Avenu has changed

Since the 2017 revision, the guideline value for Jai Maruthi Nagar /Avenu has seen significant changes. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Jai Maruthi Nagar /Avenu.

Stamp duty and registration fee for property in Jai Maruthi Nagar /Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which totals Rs 23,100, and the registration fee is 2%, amounting to Rs 6,600. Together, the total cost for stamp duty and registration fee is Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Maruthi Nagar /Avenu?

The Jai Maruthi Nagar /Avenu area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers need to be aware that the duty is charged on the higher of the guideline value or the sale price.

This ensures that the government receives the appropriate revenue from property transactions. Therefore, understanding the guideline value is essential for anyone looking to engage in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Jai Maruthi Nagar /Avenu?

The current guideline value of Jai Maruthi Nagar /Avenu is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Jai Maruthi Nagar /Avenu?

For a property valued at Rs 3,30,000, the stamp duty is Rs 23,100 and the registration fee is Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value.

Which office handles property registration for Jai Maruthi Nagar /Avenu?

The Thiruvottiyur Sub Registrar Office is responsible for property registration in Jai Maruthi Nagar /Avenu, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Are there other streets with the same guideline value in Athipattu?

Yes, several other streets in Athipattu also have a guideline value of Rs 330 per sq.ft in 2024, including Jai Nagar, Jaganjeevanram Nagar, Janakiammal Nagar, Janaki Nagar, and Jaya Nagar.