Guideline Value for Maruthi Avenue

Maruthi Avenue guideline value

The current guideline value of Maruthi Avenue is Rs 700 per sq.ft. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Maruthi Avenue has changed

The guideline value for Maruthi Avenue has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 469 per sq.ft. This value increased significantly to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. Notably, the revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 700 per sq.ft. This stability follows a substantial increase from Rs 469 per sq.ft in 2017 to the current value, indicating a significant adjustment in the guideline value over the years.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Maruthi Avenue's 2024 figure above this median.

• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 850 per sq.ft (2024)
• Moogambika Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the overall costs associated with registration. This ensures that all parties are informed about the financial obligations involved in the transaction.

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 for Maruthi Avenue has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

What is the land classification for Maruthi Avenue?

Maruthi Avenue is classified as Residential Special Type - II, which influences its guideline value and potential uses.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 63,000, which includes stamp duty and registration fees based on the guideline value of Rs 7,00,000.

Where can I find the Sub Registrar Office for Maruthi Avenue?

The Sub Registrar Office covering Maruthi Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.