Guideline Value for Marudhi Street

Marudhi Street guideline value

The current guideline value of Marudhi Street, located in Madipakkam-1 village under the Velacheri SRO, is Rs 1,650 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Marudhi Street has changed

According to the guideline value register, there are no figures available for Marudhi Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,650 per sq.ft.

As there have been no changes between the revisions, the guideline value for Marudhi Street has remained consistent at Rs 1,650 per sq.ft since the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing Marudhi Street's 2024 figure below that median.

• Maruthi Nagar: Rs 1,650 per sq.ft (2024)
• Mannadiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Mannadiamman Koil Cross street: Rs 1,650 per sq.ft (2024)
• Manimegalai Street Cross: Rs 2,750 per sq.ft (2024)
• Manimegalai Street: Rs 2,750 per sq.ft (2024)
• Manikkavasagar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Marudhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marudhi Street?

The Sub Registrar Office that covers Marudhi Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees payable at the time of registration.

When buying or selling property, it is essential to refer to the guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Marudhi Street?

The current guideline value of Marudhi Street is Rs 1,650 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Marudhi Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,650 per sq.ft.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is higher than the current guideline value of Marudhi Street.

What is the stamp duty rate for properties in Marudhi Street?

The stamp duty rate for properties in Marudhi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.