Guideline Value

Corporate

Guideline Value for Maruthi Nagar 1st Main Road

₹3750/sq.ft.

The guideline value for Maruthi Nagar 1st Main Road 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 Main Road

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Maruthi Nagar 1st Main Road guideline value

The current guideline value of Maruthi Nagar 1st Main Road is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Maruthi Nagar 1st Main Road has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,345 per sq.ft, marking a -33% change. The value then increased significantly to Rs 3,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,750 per sq.ft in the 2024 revision, representing a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

Rajakilpakkam has a total of 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 for these streets is Rs 2,150 per sq.ft, placing Maruthi Nagar 1st Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Maruthi Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,750 per sq.ft, the total guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, bringing the total 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maruthi Nagar 1st Main Road?

The Sub Registrar Office that covers Maruthi Nagar 1st Main Road is 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 in determining the stamp duty and registration fees when buying or selling property in Rajakilpakkam. It serves as a reference point for the value of the property being transacted and is used to calculate the applicable fees based on the higher of the guideline value or the sale price.

When a buyer approaches the registration office, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Maruthi Nagar 1st Main Road?

The current guideline value of Maruthi Nagar 1st Main Road 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 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,750 per sq.ft in 2024.

What is the land classification for Maruthi Nagar 1st Main Road?

Maruthi Nagar 1st Main Road is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Maruthi Nagar 1st Main Road?

The Selaiyur Sub Registrar Office, which covers Maruthi Nagar 1st Main Road, 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 on Maruthi Nagar 1st Main Road?

The stamp duty for properties on Maruthi Nagar 1st Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 37,50,000, leading to a stamp duty of Rs 2,62,500.