Guideline Value

Corporate

Guideline Value for Maragatham 1st Main Road

₹3300/sq.ft.

The guideline value for Maragatham 1st Main Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Maragatham 1st Main Road

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Maragatham 1st Main Road guideline value

The current guideline value of Maragatham 1st Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Hastinapuram village under the Pallavaram SRO, and it is classified as Commercial Class I Type - II.

How the guideline value of Maragatham 1st Main Road has changed

The guideline value for Maragatham 1st Main Road has seen several revisions over the years. In 2007, the value was Rs 525 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, the increase from 2017 to 2023 was 49%, while the drop from 2012 to 2017 was 33%. The increase from 2007 to 2012 was a remarkable 471%. Overall, from 2007 to 2024, the guideline value has risen by 529%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, making the guideline value of Maragatham 1st Main Road above the median.

Stamp duty and registration fee for property in Maragatham 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maragatham 1st Main Road?

The Sub Registrar Office that covers Maragatham 1st Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, making it essential to understand the current guideline values in the area.

Frequently asked questions

What is the current guideline value of Maragatham 1st Main Road?

The current guideline value of Maragatham 1st Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 529% over the years.

What is the land classification for Maragatham 1st Main Road?

Maragatham 1st Main Road is classified as Commercial Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Maragatham 1st Main Road?

The Pallavaram Sub Registrar Office handles registrations for Maragatham 1st Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.