Guideline Value for Maruthi Street Andal Nagar

Maruthi Street Andal Nagar guideline value

The current guideline value of Maruthi Street Andal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Maruthi Street Andal Nagar has changed

The guideline value for Maruthi Street Andal Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. It increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision shows a further increase to Rs 1,320 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is the same as the guideline value for Maruthi Street Andal Nagar.

• Maruthi Street (8): Rs 1,100 per sq.ft (2024)
• Maruthi Street (15): Rs 1,100 per sq.ft (2024)
• Masilamani Street: Rs 1,100 per sq.ft (2024)
• Marudhu Pandi Street: Rs 1,100 per sq.ft (2024)
• Marudhupandiar Street: Rs 1,100 per sq.ft (2024)
• Mariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Street Andal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Maruthi Street Andal Nagar?

The Maruthi Street Andal Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two amounts. This ensures that the state revenue is protected during property transactions.

Frequently asked questions

What is the current guideline value of Maruthi Street Andal Nagar?

The current guideline value of Maruthi Street Andal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Maruthi Street Andal Nagar?

The registration office for Maruthi Street Andal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Are there other streets in Pozhichalur with different guideline values?

Yes, there are other streets in Pozhichalur with guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft, with the median value being Rs 1,320 per sq.ft.