Guideline Value for Marshal Share

Marshal Share guideline value

The current guideline value of Marshal Share in Nemili_B village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Marshal Share has changed

The guideline value for Marshal Share has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which was maintained in the 2023 revision at Rs 300 per sq.ft. The latest revision in 2024 also retains this value at Rs 300 per sq.ft, showing no change from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 201 to Rs 300. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, indicating a consistent valuation for the street over the past few years.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for the area is Rs 250 per sq.ft, placing Marshal Share's value above this median.

• Marthamman Koil Street: Rs 200 per sq.ft (2024)
• Manasa Devi Nagar: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 per sq.ft (2024)
• Madhuramman Koil Street: Rs 150 per sq.ft (2024)
• Madhuramman Koil Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Marshal Share

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marshal Share?

The Sub Registrar Office that covers Marshal Share is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Marshal Share?

The current guideline value of Marshal Share is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2023, showing no change from the previous year. It increased from Rs 201 per sq.ft in 2017 to Rs 300 in 2023, marking a 49% rise.

What is the median guideline value in Nemili_B?

The median guideline value for streets in Nemili_B is Rs 250 per sq.ft, with Marshal Share's value being above this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for Marshal Share?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where can I find the Sub Registrar Office for Marshal Share?

The Sub Registrar Office for Marshal Share is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.