Guideline Value for Maragatham 2nd Main Road
₹3300/sq.ft.
The guideline value for Maragatham 2nd 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.
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[email protected], [email protected]
Records for a plot on Maragatham 2nd Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Maragatham 2nd Main Road guideline value
The current guideline value of Maragatham 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - II.
How the guideline value of Maragatham 2nd Main Road has changed
The guideline value for Maragatham 2nd Main Road has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 525 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 471%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The 2017 revision brought the value back up to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.
There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 529%.
Guideline values in Hastinapuram
In Hastinapuram, 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, with a median value of Rs 2,970 per sq.ft. The guideline value of Maragatham 2nd Main Road is above this median.
- Maragatham 2nd Cross Street: Rs 3,300 per sq.ft (2024)
- Maragatham 3rd Cross Street: Rs 2,970 per sq.ft (2024)
- Maragatham 1st Main Road: Rs 3,300 per sq.ft (2024)
- Maragatham 3rd Main Road: Rs 3,300 per sq.ft (2024)
- Maragatham 1st Cross Street: Rs 3,300 per sq.ft (2024)
- Maragatham 4th Cross Street: Rs 3,300 per sq.ft (2024)
Stamp duty and registration fee for property in Maragatham 2nd 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, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Maragatham 2nd Main Road?
The Sub Registrar Office that covers Maragatham 2nd Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 crucial factor when buying or selling property in Hastinapuram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.
Frequently asked questions
What is the current guideline value of Maragatham 2nd Main Road?
The current guideline value of Maragatham 2nd 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 increased from Rs 525 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 529% over this period.
What is the stamp duty for property in Maragatham 2nd Main Road?
The stamp duty for property in Maragatham 2nd Main Road is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.
Where can I find the Sub Registrar Office for Maragatham 2nd Main Road?
The Sub Registrar Office for Maragatham 2nd Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
What is the land classification of Maragatham 2nd Main Road?
The land classification for Maragatham 2nd Main Road is Commercial Class I Type - II, which affects its guideline value and usage regulations.
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