Guideline Value for MARUTHI AVENUE

Maruthi Avenue guideline value

The current guideline value of Maruthi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kalvai village and falls under the Thiruporur SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Maruthi Avenue has changed

According to the guideline value register, there are no figures for Maruthi Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded the guideline value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, there was no percentage change, maintaining the guideline value at Rs 1,000 per sq.ft for Maruthi Avenue.

Guideline values in Kalvai

In Kalvai village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Maruthi Avenue.

• Mgm Green Hill: Rs 3,000 per sq.ft (2024)
• Karpagam Nagar: Rs 600 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)
• Rithika Enclave: Rs 400 per sq.ft (2024)
• Rithika Enclave Phase - II: Rs 400 per sq.ft (2024)
• Sanjay Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Maruthi Avenue?

The Sub Registrar Office that covers Maruthi Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kalvai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and legally.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Maruthi Avenue?

The current guideline value of Maruthi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value of Maruthi Avenue changed over the years?

The guideline value for Maruthi Avenue has remained Rs 1,000 per sq.ft since the 2023 revision, with no changes recorded from previous revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Maruthi Avenue?

The land classification for Maruthi Avenue is Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Maruthi Avenue?

Stamp duty for properties in Maruthi Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.