Guideline Value

Corporate

Guideline Value for Marisan 1st Lane

₹3900/sq.ft.

The guideline value for Marisan 1st Lane in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹478 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹419 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Marisan 1st Lane

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Marisan 1st Lane guideline value

The current guideline value of Marisan 1st Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Marisan 1st Lane has changed

Starting from the earliest revision, the guideline value for Marisan 1st Lane was Rs 419 per sq.ft in 2002. This increased to Rs 478 per sq.ft in 2003, marking a change of +14%. In 2007, the value saw a significant rise to Rs 900 per sq.ft, which was an increase of +88%. The next revision in 2012 brought the value back to Rs 3,500 per sq.ft, reflecting a decrease of -33%. In 2017, the guideline value was Rs 2,345 per sq.ft, which was a +49% increase from 2012.

The most recent revisions show that in 2023, the guideline value was Rs 3,500 per sq.ft, and it increased to Rs 3,900 per sq.ft in 2024, resulting in an increase of +11%. Overall, from 2002 to 2024, the guideline value has increased by +831%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Marisan 1st Lane.

Stamp duty and registration fee for property in Marisan 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marisan 1st Lane?

The Sub Registrar Office that covers Marisan 1st Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adambakkam, 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 applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall costs involved in the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Marisan 1st Lane?

The current guideline value of Marisan 1st Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 419 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +831% over the years.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Marisan 1st Lane.

What are the stamp duty and registration fees for properties in Marisan 1st Lane?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for Marisan 1st Lane?

The Sub Registrar Office for Marisan 1st Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.