Guideline Value for MARUVATHUR GARDEN

Maruvathur Garden guideline value

The current guideline value of Maruvathur Garden is Rs 102 per sq.ft, effective from 1 July 2024. This property is located in Amaiyampattu village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Maruvathur Garden has changed

Looking at the revisions over the years, the guideline value for Maruvathur Garden has seen several changes. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, by the 2023 revision, the value increased to Rs 100 per sq.ft, and the most recent 2024 revision raised it further to Rs 102 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. Conversely, from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 2% in the guideline value.

Guideline values in Amaiyampattu

In addition to Maruvathur Garden, there are other streets in Amaiyampattu under the Madurandakam SRO. The guideline value for these streets varies, with Maruvathur Garden currently at Rs 102 per sq.ft for 2024.

• Muthamizh Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Maruvathur Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total cost for these fees to Rs 9,180. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Maruvathur Garden?

The Sub Registrar Office that covers Maruvathur Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Amaiyampattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold, the guideline value will be used to calculate the necessary fees unless the sale price is higher. In such cases, the fees will be based on the sale price instead of the guideline value.

Frequently asked questions

What is the current guideline value of Maruvathur Garden?

The current guideline value of Maruvathur Garden is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Maruvathur Garden?

For a property valued at Rs 1,02,000, the stamp duty at 7% is Rs 7,140, and the registration fee at 2% is Rs 2,040, totaling Rs 9,180.

Where is the Sub Registrar Office for Maruvathur Garden located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is charged on the higher of the guideline value or the sale price, ensuring accurate fee assessment.