Guideline Value for MARUDHAPANDIAYAR AVENUE ETENTION

Marudhapandiayar Avenue Etention guideline value

The current guideline value of Marudhapandiayar Avenue Etention is Rs 2,750 per sq.ft. This street is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Marudhapandiayar Avenue Etention has changed

The guideline value for Marudhapandiayar Avenue Etention has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,300 per sq.ft. This figure changed to Rs 2,000 per sq.ft in 2023, reflecting a decrease of 13%. However, the most recent revision in 2024 saw a significant increase, bringing the value back up to Rs 2,750 per sq.ft, which is a rise of 38% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 20%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the guideline value for Marudhapandiayar Avenue Etention.

• Maruthapanidan Avenue 1 To 8 Streets: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,530 per sq.ft (2024)
• Maruthupandiyar Avenue: Rs 2,750 per sq.ft (2024)
• Maxworth Nagar: Rs 4,400 per sq.ft (2024)
• Maxworth Nagar 1 To 10 Main Road: Rs 4,400 per sq.ft (2024)
• Manimegalai Nagar (Ellaiamman Koil Street): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Marudhapandiayar Avenue Etention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Marudhapandiayar Avenue Etention?

The Sub Registrar Office that covers Marudhapandiayar Avenue Etention is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the registration process when buying or selling property in S. Kullathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations, protecting both buyers and sellers in the transaction.

Frequently asked questions

What is the current guideline value of Marudhapandiayar Avenue Etention?

The current guideline value of Marudhapandiayar Avenue Etention is Rs 2,750 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,300 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 20% over this period.

What is the land classification for Marudhapandiayar Avenue Etention?

The land classification for Marudhapandiayar Avenue Etention is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Marudhapandiayar Avenue Etention is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.