Guideline Value for Maruthi Street, Anna Nagar

Maruthi Street, Anna Nagar guideline value

The current guideline value of Maruthi Street, Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Commercial Class I Type - II.

How the guideline value of Maruthi Street, Anna Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,675 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, indicating that Maruthi Street's 2024 figure is above this median.

• Maruthi Street /Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Maruthupandiyar Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Masooran Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sahib Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sherif Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masuran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthi Street, Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Maruthi Street, Anna Nagar?

The Sub Registrar Office that covers Maruthi Street, Anna Nagar is 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 more information.

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

The guideline value is a crucial reference point used during the registration of property transactions in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized value rather than individual sale prices.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations related to the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Maruthi Street, Anna Nagar?

The current guideline value of Maruthi Street, Anna Nagar is Rs 2,750 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 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Maruthi Street, Anna Nagar?

Maruthi Street, Anna Nagar is classified as Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Maruthi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.