Guideline Value for MARUDHIRUVAR STREET (WARD -8)

Marudhiruvar Street (Ward -8) guideline value

The current guideline value of Marudhiruvar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, which falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Marudhiruvar Street (Ward -8) has changed

Over the years, the guideline value of Marudhiruvar Street (Ward -8) has seen several revisions. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

The guideline register has no figures for the years 2002, 2003, and 2007 for Marudhiruvar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as per the 2024 revision. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Marudhiruvar Street's 2024 figure above this median.

• Maruthivar Street Rail Nagar (Ward -2): Rs 1,760 per sq.ft (2024)
• Maruthupandiya Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Masthan Sahib Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Maraimalai Adigalar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Manonmani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Manonmanian Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Marudhiruvar Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Marudhiruvar Street (Ward -8)?

The Sub Registrar Office that covers Marudhiruvar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kattankollatur

The guideline value plays a crucial role in the registration process for property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements for property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Marudhiruvar Street (Ward -8)?

The current guideline value of Marudhiruvar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Marudhiruvar Street?

The guideline value has seen several revisions, with the 2012 figure being Rs 1,200 per sq.ft, dropping to Rs 804 per sq.ft in 2017, and then rising back to Rs 1,200 per sq.ft in 2023. The latest revision in 2024 has increased it to Rs 1,320 per sq.ft.

What is the land classification for Marudhiruvar Street?

The land classification for Marudhiruvar Street (Ward -8) is Residential Special Type - V, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Marudhiruvar Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Where is the Sub Registrar Office for Marudhiruvar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.