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Guideline Value

Corporate

Guideline Value for MARUTHI NAGAR 3RD CROSS STREET

₹2200/sq.ft.

The guideline value for Maruthi Nagar 3rd Cross Street in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Maruthi Nagar 3rd Cross Street

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Maruthi Nagar 3rd Cross Street guideline value

The current guideline value of Maruthi Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Maruthi Nagar 3rd Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, the increase was 49%. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median value is Rs 2,800 per sq.ft, placing the 2024 figure for Maruthi Nagar 3rd Cross Street below this median.

Stamp duty and registration fee for property in Maruthi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maruthi Nagar 3rd Cross Street?

The Sub Registrar Office covering Maruthi Nagar 3rd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point used during property registration in Seevaram. It determines the minimum value at which properties can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value according to the local regulations. This value must be adhered to for the legal registration of the property, ensuring compliance with the state's property laws.

Frequently asked questions

What is the current guideline value of Maruthi Nagar 3rd Cross Street?

The current guideline value of Maruthi Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Maruthi Nagar 3rd Cross Street?

Maruthi Nagar 3rd Cross Street is classified as Residential Class II Type - II, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for this area?

The Neelankarai Sub Registrar Office handles registrations for Maruthi Nagar 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.