Guideline Value for MARUVOOR AVENUE PHASE I II III IV

Maruvoor Avenue Phase I II III IV guideline value

The current guideline value for Maruvoor Avenue Phase I II III IV is Rs 600 per sq.ft. This street is located in Melmaruvathur village, under the Acchirapakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Maruvoor Avenue Phase I II III IV has changed

According to the guideline value register, there have been no recorded figures for Maruvoor Avenue Phase I II III IV in the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 600 per sq.ft, which is the same as the figure from the 2023 revision. This consistency suggests stability in the guideline value for this area.

Guideline values in Melmaruvathur

In Melmaruvathur, three streets under the Acchirapakkam SRO have a 2024 guideline value ranging from Rs 500 to Rs 600 per sq.ft, with the median being Rs 600 per sq.ft. Maruvoor Avenue Phase I II III IV's guideline value aligns with this median at Rs 600 per sq.ft.

• Navasakthi Nagar: Rs 600 per sq.ft (2024)
• Gk Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Maruvoor Avenue Phase I II III IV

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maruvoor Avenue Phase I II III IV?

The Sub Registrar Office covering Maruvoor Avenue Phase I II III IV is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Melmaruvathur. It is used to determine the amount of stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the Registration Department and is periodically revised to reflect changes in land use and market conditions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, and it is essential for buyers and sellers to be aware of the current guideline value to avoid any unexpected costs.

Frequently asked questions

What is the current guideline value of Maruvoor Avenue Phase I II III IV?

The current guideline value of Maruvoor Avenue Phase I II III IV is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Maruvoor Avenue Phase I II III IV has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of the land in Maruvoor Avenue Phase I II III IV?

The land classification for Maruvoor Avenue Phase I II III IV is Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to stamp duty and registration fees that add up to Rs 54,000.