Guideline Value

Corporate

Guideline Value for MARUDHAM NAGAR

₹101/sq.ft.

The guideline value for Marudham Nagar in Kilakadi village (Salavakkam SRO, Chengalpattu zone) is Rs 101 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kilakadi

Village

Salavakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹101 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /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)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Marudham Nagar

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Marudham Nagar guideline value

The current guideline value of Marudham Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Kilakadi village and falls under the Salavakkam SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Marudham Nagar has changed

The guideline value for Marudham Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which increased to Rs 100 per sq.ft in the 2023 revision. The most recent 2024 revision has raised this to Rs 101 per sq.ft, marking a 1% increase from the previous year. Notably, there were no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is a significant 51%. This reflects the adjustments made to the guideline values in response to various factors affecting the real estate market.

Guideline values in Kilakadi

In Kilakadi, there are 21 streets under the Salavakkam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 433 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, indicating that Marudham Nagar's 2024 figure of Rs 101 per sq.ft is below this median.

Stamp duty and registration fee for property in Marudham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total charges to Rs 9,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Marudham Nagar?

The Sub Registrar Office that covers Marudham Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Kilakadi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue based on the assessed value of the property.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of the guideline value can help in planning for the financial aspects of property dealings in the area.

Frequently asked questions

What is the current guideline value of Marudham Nagar?

The current guideline value of Marudham Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024. The overall increase from 2017 to 2024 is 51%.

What is the registration office for Marudham Nagar?

The registration office for Marudham Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What other streets have guideline values in Kilakadi?

In Kilakadi, there are several other streets with guideline values, including Marudham Nagar Extension, Mari Amman Kovil Street, Mullai Nagar, and others. These values range from Rs 100 to Rs 433 per sq.ft as per the 2024 revision.

How is stamp duty calculated in Marudham Nagar?

Stamp duty in Marudham Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000, leading to a stamp duty of Rs 7,070.