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Guideline Value

Corporate

Guideline Value for MARUTHI NAGAR PHASE-III MAIN ROAD

₹2750/sq.ft.

The guideline value for Maruthi Nagar Phase-iii Main Road in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

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 Maruthi Nagar Phase-iii Main Road

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Maruthi Nagar Phase-III Main Road guideline value

The current guideline value of Maruthi Nagar Phase-III Main Road is Rs 2,750 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Maruthi Nagar Phase-III Main Road has changed

Over the years, the guideline value for Maruthi Nagar Phase-III Main Road has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,500 per sq.ft. The most recent revision in 2024 increased the value by 10% to Rs 2,750 per sq.ft.

Additionally, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Maruthi Nagar Phase-III Main Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maruthi Nagar Phase-III Main Road?

The Maruthi Nagar Phase-III Main Road is covered by 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 information.

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

The guideline value is a critical factor in property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers must ensure that the transaction value aligns with the guideline value to avoid discrepancies during registration.

When registering a property, the guideline value will be used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is advisable to consult the guideline value register for the most accurate and updated figures.

Frequently asked questions

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

The current guideline value of Maruthi Nagar Phase-III Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting from Rs 2,500 per sq.ft in 2012, dropping to Rs 1,675 per sq.ft in 2017, then increasing to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,750 per sq.ft in 2024.

What other streets in Thundalam have the same guideline value?

Several other streets in Thundalam also have a guideline value of Rs 2,750 per sq.ft as of 2024, including Maruthi Nagar Phase-III 2nd Main Road, Maruthi Nagar Phase-II Main Road, and Maruthi Nagar Rajaji Street.

How is stamp duty calculated on properties in Maruthi Nagar Phase-III Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would amount to Rs 1,92,500.

Where can I find the Sub Registrar Office for Maruthi Nagar Phase-III Main Road?

The Sub Registrar Office covering Maruthi Nagar Phase-III Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.