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Guideline Value

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Guideline Value for MARUTHAPANIDAN AVENUE 1 TO 8 STREETS

₹2750/sq.ft.

The guideline value for Maruthapanidan Avenue 1 To 8 Streets in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 38% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Maruthapanidan Avenue 1 To 8 Streets

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Maruthapanidan Avenue 1 To 8 Streets guideline value

The current guideline value for Maruthapanidan Avenue 1 To 8 Streets in S. Kullathur village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Maruthapanidan Avenue 1 To 8 Streets has changed

The guideline value for Maruthapanidan Avenue 1 To 8 Streets has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023, reflecting a change of +38%. Prior to that, in 2012, the value was Rs 2,300 per sq.ft, which means there was a decrease of -13% from 2012 to 2023. Overall, from 2012 to 2024, the guideline value has increased by +20%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the available revisions are limited to 2012, 2023, and 2024.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, making the current guideline value for Maruthapanidan Avenue 1 To 8 Streets equal to the median.

Stamp duty and registration fee for property in Maruthapanidan Avenue 1 To 8 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maruthapanidan Avenue 1 To 8 Streets?

The Sub Registrar Office that covers Maruthapanidan Avenue 1 To 8 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor during the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, and it is essential for both buyers and sellers to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Maruthapanidan Avenue 1 To 8 Streets?

The current guideline value for Maruthapanidan Avenue 1 To 8 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 2,000 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024, indicating a +20% increase overall from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Maruthapanidan Avenue 1 To 8 Streets?

The land classification for Maruthapanidan Avenue 1 To 8 Streets is Residential Class I Type - I.