Guideline Value for MARUTHI NAGAR ANNEXE

Maruthi Nagar Annexe guideline value

The current guideline value of Maruthi Nagar Annexe is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Maruthi Nagar Annexe has changed

Since the register has no figure for Maruthi Nagar Annexe in 2002, 2003, 2007, 2012, and 2017, we can only consider the revisions from 2023 and 2024. In the 2023 revision, the guideline value was Rs 600 per sq.ft, and in the 2024 revision, it increased to Rs 660 per sq.ft, marking a change of +10%.

Thus, the guideline value has seen an increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. This change reflects the latest assessment as of July 2024.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Maruthi Nagar Annexe's 2024 figure below this median.

• Maruthivar Street Rail Nagar (Ward -2): Rs 1,760 per sq.ft (2024)
• Maruthupandiya Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Marudhiruvar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Masthan Sahib Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Maraimalai Adigalar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Meenakshi Sundaranar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. 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 detailed calculations.

Which Sub Registrar Office covers Maruthi Nagar Annexe?

The Sub Registrar Office that covers Maruthi Nagar Annexe is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It determines the minimum value at which the property must be registered, ensuring that the transaction is transparent and fair.

When registering a property, 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.

Frequently asked questions

What is the current guideline value of Maruthi Nagar Annexe?

The current guideline value of Maruthi Nagar Annexe is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a change of +10%.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, which is above the current value of Maruthi Nagar Annexe.

Where is the Sub Registrar Office for Maruthi Nagar Annexe located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Maruthi Nagar Annexe?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 46,200.