Guideline Value for MARUTHAM ROYAL PARK PHASE-2

Marutham Royal Park Phase-2 guideline value

The current guideline value of Marutham Royal Park Phase-2 is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Aangadu village under the Redhills SRO and falls under the Residential Class IV Type - III land classification.

How the guideline value of Marutham Royal Park Phase-2 has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision also recorded a guideline value of Rs 1,200 per sq.ft. The most recent revision in 2024 maintained the guideline value at Rs 1,200 per sq.ft, showing a change of +0% from the previous year.

Thus, the guideline value for Marutham Royal Park Phase-2 has remained consistent at Rs 1,200 per sq.ft from 2023 to 2024. The absence of figures for earlier revisions indicates stability in the valuation for this particular street over the years.

Guideline values in Aangadu

In Aangadu, there are 23 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft, with a median value of Rs 275 per sq.ft. Marutham Royal Park Phase-2's 2024 figure is above this median, indicating a higher valuation compared to many other streets in the area.

• Marutham Royal Park Phase-1: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-4: Rs 1,200 per sq.ft (2024)
• Muthumariamman Koil 2nd Street: Rs 275 per sq.ft (2024)
• Muthumariamman Koil 3rd Street: Rs 275 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 275 per sq.ft (2024)
• New Sun City: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Marutham Royal Park Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value is Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that 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 Marutham Royal Park Phase-2?

The Marutham Royal Park Phase-2 is covered by the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a crucial aspect when buying or selling property in Aangadu, as it determines the minimum price at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Marutham Royal Park Phase-2?

The current guideline value of Marutham Royal Park Phase-2 is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Aangadu?

The median guideline value in Aangadu is Rs 275 per sq.ft for the year 2024. Marutham Royal Park Phase-2's value is above this median.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price.

Which office handles property registrations for Marutham Royal Park Phase-2?

The Redhills Sub Registrar Office handles property registrations for Marutham Royal Park Phase-2. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.