Guideline Value for Maraimalai Adikal Street

Maraimalai Adikal Street guideline value

The current guideline value of Maraimalai Adikal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Maraimalai Adikal Street has changed

The guideline value for Maraimalai Adikal Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Maraimalai Adikal Street.

• Maniyammap Street: Rs 1,100 per sq.ft (2024)
• Maniyammai Cross Street: Rs 1,100 per sq.ft (2024)
• Manimegalai Street: Rs 1,100 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• Mookalathaman Cross Street: Rs 550 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Maraimalai Adikal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Maraimalai Adikal Street?

The Sub Registrar Office covering Maraimalai Adikal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periyakuppam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are documented accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value for Maraimalai Adikal Street?

The current guideline value for Maraimalai Adikal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the registration office for Maraimalai Adikal Street?

The registration office for Maraimalai Adikal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the same amount.

Are there other streets with the same guideline value in Periyakuppam?

Yes, several other streets in Periyakuppam, such as Maniyammap Street, Maniyammai Cross Street, Manimegalai Street, M.G.R.Nagar, and Kumaran Street, also have a guideline value of Rs 1,100 per sq.ft in 2024.