Guideline Value for Marudhu Pandi Street

Marudhu Pandi Street guideline value

The current guideline value of Marudhu Pandi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Marudhu Pandi Street has changed

Over the years, the guideline value of Marudhu Pandi Street has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The current guideline value of Rs 1,100 per sq.ft reflects a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The guideline value has steadily increased, with a significant jump of 49% from 2017 to 2023, leading to the current established rate.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, indicating that Marudhu Pandi Street's current value is below this median.

• Marudhupandiar Street: Rs 1,100 per sq.ft (2024)
• Maruthi Street (15): Rs 1,100 per sq.ft (2024)
• Maruthi Street (8): Rs 1,100 per sq.ft (2024)
• Maruthi Street Andal Nagar: Rs 1,320 per sq.ft (2024)
• Mariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Masilamani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Marudhu Pandi 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 fees 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Marudhu Pandi Street?

The Sub Registrar Office that covers Marudhu Pandi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and in line with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Therefore, understanding the guideline value is important for both buyers and sellers in Pozhichalur.

Frequently asked questions

What is the current guideline value of Marudhu Pandi Street?

The current guideline value of Marudhu Pandi 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, which is higher than the current value of Marudhu Pandi Street.

What are the stamp duty and registration fees for property on Marudhu Pandi Street?

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

Which office handles the registration for Marudhu Pandi Street?

The Pammal Sub Registrar Office handles the registration for Marudhu Pandi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.