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_C village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Maruthi Avenue has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The most recent revision in 2024 has also set the guideline value at Rs 700 per sq.ft, reflecting a 0% change from 2023. Overall, from 2017 to 2024, there has been an increase of 49% in the guideline value.

It is important to note that there are no recorded figures for Maruthi Avenue in the revisions of 2002, 2003, 2007, and 2012. The significant change from 2017 to 2023, where the value increased from Rs 469 to Rs 700 per sq.ft, indicates a substantial rise in the guideline value over these years.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Maruthi Avenue's 2024 figure above this median.

• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 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 guideline value totals Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is essential 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 Maruthi Avenue?

Maruthi Avenue falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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_C

The guideline value plays a crucial role during the registration of property transactions in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is considered, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 49% overall.

What is the classification of Maruthi Avenue?

Maruthi Avenue is classified as Residential Special Type - II, indicating its designation for residential development within the area.

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

For a 1,000 sq.ft property at the current guideline value of Rs 700 per sq.ft, the total guideline value would be 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 can I find the Sub Registrar Office for Maruthi Avenue?

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