Guideline Value for Marisan 4th Lane

Marisan 4th Lane guideline value

The current guideline value of Marisan 4th Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Marisan 4th Lane has changed

The guideline value for Marisan 4th Lane has seen several revisions over the years. In 2002, the value was Rs 254 per sq.ft, which increased to Rs 290 per sq.ft in 2003. Following that, there was a significant rise to Rs 900 per sq.ft in 2007. The value remained unchanged until 2012 when it was Rs 3,500 per sq.ft. However, it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision.

Between the revisions, the changes in guideline values were notable. From 2002 to 2024, the overall increase was +1,435%. The jump from 2023 to 2024 was +11%, while the increase from 2017 to 2023 was +49%. The period from 2012 to 2017 saw a decrease of -33%, and the increase from 2007 to 2012 was +289%. The rise from 2003 to 2007 was +210%, and from 2002 to 2003, it was +14%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a guideline value for 2024 ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the guideline value for Marisan 4th Lane.

• Marisan 3rd Street: Rs 3,900 per sq.ft (2024)
• Marisan 4th Street: Rs 3,900 per sq.ft (2024)
• Marisan 3rd Lane: Rs 3,900 per sq.ft (2024)
• Marisan 5th Lane: Rs 3,900 per sq.ft (2024)
• Marisan 2nd Street: Rs 3,900 per sq.ft (2024)
• Marisan 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Marisan 4th Lane

For a 1,000 sq.ft plot at the current rate, 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, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marisan 4th Lane?

The Sub Registrar Office that covers Marisan 4th 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 when registering property transactions in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Marisan 4th Lane?

The current guideline value of Marisan 4th 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 changed several times, starting from Rs 254 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1,435%.

What are the stamp duty and registration fees for property in Marisan 4th Lane?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000 based on the current guideline value.

Which Sub Registrar Office covers Marisan 4th Lane?

The Alandur Sub Registrar Office covers Marisan 4th Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Marisan 4th Lane?

The land classification for Marisan 4th Lane is Residential Class I Type - III, indicating its suitability for residential purposes.