Guideline Value

Corporate

Guideline Value for MARUTHEESWARAR NAGAR

₹3520/sq.ft.

The guideline value for Marutheeswarar Nagar in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹693 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹626 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Marutheeswarar Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Marutheeswarar Nagar guideline value

The current guideline value of Marutheeswarar Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class V Type - III.

How the guideline value of Marutheeswarar Nagar has changed

The guideline value for Marutheeswarar Nagar has seen several revisions over the years. In 2002, the value was Rs 626 per sq.ft, which increased to Rs 693 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 3,200 per sq.ft in 2012, reflecting a 362% increase from 2003. However, it decreased by 33% to Rs 2,144 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 3,200 per sq.ft, and the latest revision in 2024 increased it further to Rs 3,520 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Marutheeswarar Nagar in 2007. Overall, from 2002 to 2024, the guideline value has increased by 462%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Marutheeswarar Nagar is below this median.

Stamp duty and registration fee for property in Marutheeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marutheeswarar Nagar?

The Sub Registrar Office that covers Marutheeswarar Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and ensures that all property transactions are documented and taxed fairly.

Frequently asked questions

What is the current guideline value of Marutheeswarar Nagar?

The current guideline value of Marutheeswarar Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 626 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 462% from 2002 to 2024.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur for 2024 is Rs 9,900 per sq.ft, with Marutheeswarar Nagar's value being below this median.

What are the stamp duty rates for property in Marutheeswarar Nagar?

The stamp duty for property in Marutheeswarar Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Marutheeswarar Nagar?

The Sub Registrar Office for Marutheeswarar Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.