Guideline Value for MARUTHAM ROYAL PARK PHASE-4

Marutham Royal Park Phase-4 guideline value

The current guideline value of Marutham Royal Park Phase-4 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-4 has changed

In the 2024 revision, the guideline value was set at Rs 1,200 per sq.ft, which is the same figure as in the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no percentage change in the guideline value, remaining at Rs 1,200 per sq.ft. The consistent value reflects stability in the guideline for this property over the last two years.

Guideline values in Aangadu

Aangadu village has 23 streets under the Redhills SRO with a guideline value range from Rs 220 to Rs 1,200 per sq.ft, where the median is Rs 275 per sq.ft. The guideline value of Marutham Royal Park Phase-4 is above this median.

• Marutham Royal Park Phase-2: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-1: 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-4

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marutham Royal Park Phase-4?

The Sub Registrar Office covering Marutham Royal Park Phase-4 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Aangadu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate the applicable stamp duty and registration fees during the transaction process.

At the time of registration, the guideline value is used to assess the stamp duty, which is charged at a percentage of the higher amount between the guideline value and 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 Royal Park Phase-4?

The current guideline value of Marutham Royal Park Phase-4 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 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Marutham Royal Park Phase-4?

Marutham Royal Park Phase-4 falls under the Residential Class IV Type - III land classification.

What are the stamp duty and registration fees for property in Marutham Royal Park Phase-4?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,08,000. This includes Rs 84,000 for stamp duty and Rs 24,000 for the registration fee.

Which office handles registrations for Marutham Royal Park Phase-4?

The Redhills Sub Registrar Office handles registrations for Marutham Royal Park Phase-4. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.