Guideline Value for Maruthi Avenue

Maruthi Avenue guideline value

The current guideline value of Maruthi Avenue is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village, under the Sunguvarchattram SRO, with a land classification of Residential Special Type - II.

How the guideline value of Maruthi Avenue has changed

The guideline value for Maruthi Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked a significant increase from the previous value of Rs 469 per sq.ft in 2012, reflecting a change of +49%. However, the value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the first recorded value for Maruthi Avenue was in 2012, and it has remained consistent since then, with an overall change of +0% from 2012 to 2024.

Guideline values in Santhavellur

In Santhavellur village, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Maruthi Avenue's current value above this median.

• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Moogambika Nagar: Rs 305 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• mother Therasa Nagar: Rs 305 per sq.ft (2024)
• Lucky Land: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Maruthi Avenue?

The Sub Registrar Office that covers Maruthi Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. This value helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the official valuation of the property.

Frequently asked questions

What is the current guideline value of Maruthi Avenue?

The current guideline value of Maruthi Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a significant increase from Rs 469 per sq.ft in 2017. There was no change in the value from 2023 to 2024.

What is the median guideline value in Santhavellur?

The median guideline value for the 63 streets in Santhavellur is Rs 500 per sq.ft, with Maruthi Avenue's value being above this median.

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

For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Maruthi Avenue located?

The Sub Registrar Office for Maruthi Avenue is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.