Guideline Value for Maruthi Nagar

Maruthi Nagar guideline value

The current guideline value of Maruthi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Maruthi Nagar has changed

Over the years, the guideline value of Maruthi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 252 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 297%. However, in 2017, the value adjusted down to Rs 670 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

The overall change from the 2007 revision to the 2024 revision reflects a remarkable increase of 297%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Maruthi Nagar's 2024 guideline value aligns perfectly with this median.

• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-I,II: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-III,IV: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-IX: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-V: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-VII: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these charges Rs 90,000. It is important 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 Nagar?

The Sub Registrar Office that covers Maruthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Adhanoor. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to consult the latest guideline values to ensure compliance with registration requirements. This helps both parties understand the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Maruthi Nagar?

The current guideline value of Maruthi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 252 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value in Adhanoor?

The median guideline value in Adhanoor is Rs 1,000 per sq.ft, which is also the current guideline value for Maruthi Nagar.

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

For a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000.

Which office handles property registration for Maruthi Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Maruthi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.