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Guideline Value

Corporate

Guideline Value for Maruthi Nagar 1st Cross Street

₹3750/sq.ft.

The guideline value for Maruthi Nagar 1st Cross Street in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3750 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 7% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3750 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Maruthi Nagar 1st Cross Street

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Maruthi Nagar 1st Cross Street guideline value

The current guideline value of Maruthi Nagar 1st Cross Street is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Maruthi Nagar 1st Cross Street has changed

The guideline value for Maruthi Nagar 1st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 3,500 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 2,345 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, and in the latest revision of 2024, it rose further to Rs 3,750 per sq.ft, marking a 7% increase from the previous year.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value increased by 49%. Overall, when comparing the 2012 figure to the current 2024 value, there has been a 7% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value among these streets is Rs 2,150 per sq.ft, placing Maruthi Nagar 1st Cross Street above that median with its current value of Rs 3,750 per sq.ft.

Stamp duty and registration fee for property in Maruthi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,750 per sq.ft, the total guideline value would be Rs 37,50,000. The stamp duty at 7% would amount to Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, bringing the total fees to Rs 3,37,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maruthi Nagar 1st Cross Street?

The Maruthi Nagar 1st Cross Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Maruthi Nagar 1st Cross Street?

The current guideline value of Maruthi Nagar 1st Cross Street is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,750 per sq.ft in 2024. Prior to that, it was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Maruthi Nagar 1st Cross Street?

The land classification for Maruthi Nagar 1st Cross Street is Commercial Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Maruthi Nagar 1st Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 37,50,000, the stamp duty would be Rs 2,62,500.