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Guideline Value

Corporate

Guideline Value for MARUTHI NAGAR MAIN ROAD

₹2200/sq.ft.

The guideline value for Maruthi Nagar Main Road 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹170 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /sq.ft.
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 Main Road

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Maruthi Nagar Main Road guideline value

The current guideline value of Maruthi Nagar Main Road in Seevaram village, under the Neelankarai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Maruthi Nagar Main Road has changed

The guideline value for Maruthi Nagar Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 94 per sq.ft. This figure increased to Rs 170 per sq.ft in 2003, marking an increase of 81%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was an increase of 135%. By 2012, the value was Rs 2,000 per sq.ft, reflecting a substantial increase of 400% from the previous revision. In 2017, the guideline value was revised to Rs 1,340 per sq.ft, a decrease of 33% from the 2012 figure.

In 2023, the guideline value was set at Rs 2,000 per sq.ft, which then increased to the current value of Rs 2,200 per sq.ft in 2024, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 2,240%.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Maruthi Nagar Main Road's 2024 guideline value below this median.

Stamp duty and registration fee for property in Maruthi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total charges would be 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 Main Road?

The Maruthi Nagar Main Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Maruthi Nagar Main Road?

The current guideline value of Maruthi Nagar Main Road 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 94 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 2,240% over the years.

What are the stamp duty and registration fees for properties in Maruthi Nagar Main Road?

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 office handles registrations for Maruthi Nagar Main Road?

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

How is the guideline value determined for properties in Seevaram?

The guideline value is determined by the Registration Department and is revised periodically based on various factors, including market conditions and property trends in the area.