Guideline Value

Corporate

Guideline Value for MARUTHAM ROYAL GARDENS

₹1840/sq.ft.

The guideline value for Marutham Royal Gardens in Manimangalam A village (Padappai SRO, Chennai zone) is Rs 1840 per sq.ft, effective 1 July 2024. It was Rs 1670 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manimangalam A

Village

Padappai

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1840 /sq.ft.
From 1-4-2023 ₹1670 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Marutham Royal Gardens

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Marutham Royal Gardens guideline value

The current guideline value of Marutham Royal Gardens is Rs 1,840 per sq.ft, effective from 1 July 2024. This property is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Class I Type - III.

How the guideline value of Marutham Royal Gardens has changed

The guideline value for Marutham Royal Gardens has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,840 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,670 per sq.ft. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value rose from Rs 1,670 per sq.ft in 2023 to Rs 1,840 per sq.ft in 2024. The previous revisions do not have any figures recorded for this street, indicating a lack of updates in the register during those years.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO, with guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Marutham Royal Gardens above this median.

Stamp duty and registration fee for property in Marutham Royal Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,840 per sq.ft, the total guideline value amounts to Rs 18,40,000. The stamp duty, charged at 7%, would be Rs 1,28,800, and the registration fee at 2% would be Rs 36,800, bringing the total fees together to Rs 1,65,600. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marutham Royal Gardens?

The Sub Registrar Office that covers Marutham Royal Gardens is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manimangalam A. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When you proceed with a property transaction, the guideline value serves as a reference point. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Marutham Royal Gardens?

The current guideline value of Marutham Royal Gardens is Rs 1,840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,670 per sq.ft in 2023 to Rs 1,840 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Marutham Royal Gardens?

Marutham Royal Gardens is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty rates for properties in Marutham Royal Gardens?

The stamp duty for properties in Marutham Royal Gardens is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Which office handles property registrations for Marutham Royal Gardens?

The Padappai Sub Registrar Office handles property registrations for Marutham Royal Gardens, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.