Guideline Value for Maraimalaiadikalar Street

Maraimalaiadikalar Street guideline value

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

How the guideline value of Maraimalaiadikalar Street has changed

The guideline value for Maraimalaiadikalar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased by 33% to Rs 670 per sq.ft in 2017. The value saw a substantial increase of 49% in 2023, reaching Rs 1,000 per sq.ft, and further increased by 10% to the current value of Rs 1,100 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Maraimalaiadikalar Street.

• Marappan Street: Rs 1,100 per sq.ft (2024)
• Maniyammaiyar Street: Rs 1,100 per sq.ft (2024)
• Manimegalai Street: Rs 1,100 per sq.ft (2024)
• Mandabam Street: Rs 1,650 per sq.ft (2024)
• Meenatchi Nagar: Rs 1,650 per sq.ft (2024)
• Mettu Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Maraimalaiadikalar 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 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. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Maraimalaiadikalar Street?

The Sub Registrar Office that covers Maraimalaiadikalar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, the guideline value will be considered for calculating the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Maraimalaiadikalar Street?

The current guideline value of Maraimalaiadikalar 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 450% over the years.

What are the stamp duty and registration fees for property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty at 7% is Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Maraimalaiadikalar Street?

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

What is the land classification for Maraimalaiadikalar Street?

Maraimalaiadikalar Street is classified as Residential Class I Type - III.