Guideline Value for Maragatham Chandrasekar Street

Maragatham Chandrasekar Street guideline value

The current guideline value of Maragatham Chandrasekar Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Maragatham Chandrasekar Street has changed

The guideline value for Maragatham Chandrasekar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 60%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Maragatham Chandrasekar Street is below this median.

• Mariamman Koil Street: Rs 1,600 per sq.ft (2024)
• Marshal Nesamani Nagar: Rs 2,400 per sq.ft (2024)
• Manimegalai Steet (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Maruthi Nagar: Rs 2,400 per sq.ft (2024)
• Manikandapuram Main Road: Rs 2,400 per sq.ft (2024)
• Manikandapuram Kumaran Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Maragatham Chandrasekar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maragatham Chandrasekar Street?

The Sub Registrar Office covering Maragatham Chandrasekar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Maragatham Chandrasekar Street?

The current guideline value of Maragatham Chandrasekar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, and then increased to Rs 1,500 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2023.

What is the land classification of Maragatham Chandrasekar Street?

Maragatham Chandrasekar Street is classified as Residential Class III Type - II under the Ambattur SRO.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Maragatham Chandrasekar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai 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, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 15,00,000, resulting in a total fee of Rs 1,35,000.