Guideline Value for MARUTHAM NAGAR

Marutham Nagar guideline value

The current guideline value of Marutham Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is part of Kanthoor village and falls under the Sunguvarchattram SRO with a land classification of Mixed Type - I.

How the guideline value of Marutham Nagar has changed

In the 2023 revision, the guideline value for Marutham Nagar was set at Rs 700 per sq.ft. The same value has been maintained in the 2024 revision, indicating no change in the guideline value between these two years, with an increase of 0% from 2023 to 2024.

For the years prior to 2023, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Thus, the only revisions with recorded figures are from 2023 and 2024, both at Rs 700 per sq.ft.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, making the 2024 figure for Marutham Nagar above this median.

• Mettu Street: Rs 150 per sq.ft (2024)
• Mother Teresa Nagar: Rs 500 per sq.ft (2024)
• Kottaikara Street: Rs 150 per sq.ft (2024)
• Kavana Street: Rs 150 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 150 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Marutham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total fees together Rs 63,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Marutham Nagar?

The Sub Registrar Office that covers Marutham Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Kanthoor

The guideline value plays a crucial role during the registration of property transactions in Kanthoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value set by the government.

When buying or selling property, the guideline value serves as a reference point, and it is important to note that the fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Marutham Nagar?

The current guideline value of Marutham Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 700 per sq.ft from 2023 to 2024, with no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kanthoor?

The median guideline value for streets in Kanthoor is Rs 181 per sq.ft, with Marutham Nagar's value being above this median at Rs 700 per sq.ft.

What are the stamp duty and registration fees for a property in Marutham Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Marutham Nagar located?

The Sub Registrar Office for Marutham Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.