Guideline Value for Marundeeswarar Avenue

Marundeeswarar Avenue guideline value

The current guideline value of Marundeeswarar Avenue is Rs 590 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - IV.

How the guideline value of Marundeeswarar Avenue has changed

In the 2017 revision, the guideline value for Marundeeswarar Avenue was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 590 per sq.ft, representing a 10% rise from the previous year.

Over the overall period from 2017 to 2024, the guideline value has seen a total increase of 10%. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. Marundeeswarar Avenue's 2024 figure is below this median.

• Melroasapuram: Rs 660 per sq.ft (2024)
• Mg M Thiagarajapuram Phase -3: Rs 660 per sq.ft (2024)
• Mgm Thiyagarajapuram Stage -IV: Rs 660 per sq.ft (2024)
• Malai Koil Street: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Lss Vasantham Avenue: Rs 1,843 per sq.ft (2024)

Stamp duty and registration fee for property in Marundeeswarar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 590 per sq.ft, the total guideline value would be Rs 5,90,000. The stamp duty at 7% would amount to Rs 41,300, and the registration fee at 2% would be Rs 11,800, making the total cost for these fees Rs 53,100. 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 Marundeeswarar Avenue?

The Sub Registrar Office that covers Marundeeswarar Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirukkachur - 1. It establishes 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 provides a benchmark for both buyers and sellers. It helps in determining the financial implications of the transaction, including the duties payable, which are based on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Marundeeswarar Avenue?

The current guideline value of Marundeeswarar Avenue is Rs 590 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Marundeeswarar Avenue was Rs 536 per sq.ft in 2017 and remained the same in 2023. It increased to Rs 590 per sq.ft in 2024, marking a 10% rise from the previous year.

What is the land classification for Marundeeswarar Avenue?

Marundeeswarar Avenue is classified as Residential Class I Type - IV under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for a property in Marundeeswarar Avenue?

For a property valued at Rs 5,90,000, the stamp duty would be Rs 41,300 and the registration fee would be Rs 11,800, totaling Rs 53,100. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Marundeeswarar Avenue?

The Chengleput Joint II Sub Registrar Office handles property registrations for Marundeeswarar Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.