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Guideline Value

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Guideline Value for Maruthi Nagar V.Ve Swaminathan Street

₹3750/sq.ft.

The guideline value for Maruthi Nagar V.ve Swaminathan 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 V.ve Swaminathan Street

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Maruthi Nagar V.Ve Swaminathan Street guideline value

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

How the guideline value of Maruthi Nagar V.Ve Swaminathan Street has changed

The guideline value for Maruthi Nagar V.Ve Swaminathan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and further rose to the current rate of Rs 3,750 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 7%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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, with a median value of Rs 2,150 per sq.ft. Maruthi Nagar V.Ve Swaminathan Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Maruthi Nagar V.Ve Swaminathan Street

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 cost to Rs 3,37,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Maruthi Nagar V.Ve Swaminathan Street?

The Sub Registrar Office that covers Maruthi Nagar V.Ve Swaminathan Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 when buying or selling property in Rajakilpakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline 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 Nagar V.Ve Swaminathan Street?

The current guideline value of Maruthi Nagar V.Ve Swaminathan 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, marking a 7% increase. 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 classification of Maruthi Nagar V.Ve Swaminathan Street?

Maruthi Nagar V.Ve Swaminathan Street is classified as Commercial Class I Type - I under the guideline value register.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Maruthi Nagar V.Ve Swaminathan Street?

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.