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Guideline Value

Corporate

Guideline Value for MaruthiRam Nagar Main Road (Maruthiram nagar)

₹1100/sq.ft.

The guideline value for Maruthiram Nagar Main Road (maruthiram Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Maruthiram Nagar Main Road (maruthiram Nagar)

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MaruthiRam Nagar Main Road (Maruthiram nagar) guideline value

The current guideline value of MaruthiRam Nagar Main Road (Maruthiram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of MaruthiRam Nagar Main Road (Maruthiram nagar) has changed

The guideline value for MaruthiRam Nagar Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 150% rise. However, this value dropped to Rs 670 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, followed by the current rate of Rs 1,100 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 175%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the current value of Rs 1,100 per sq.ft for MaruthiRam Nagar Main Road below that median.

Stamp duty and registration fee for property in MaruthiRam Nagar Main Road (Maruthiram nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 MaruthiRam Nagar Main Road (Maruthiram nagar)?

The Sub Registrar Office that covers MaruthiRam Nagar Main Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Ayappakkam, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value acts as a benchmark for the minimum price at which a property can be registered.

It is essential to be aware that the guideline value is updated periodically, and buyers should check the latest figures to ensure compliance with registration requirements. The guideline value helps maintain transparency in property transactions and assists in the assessment of property taxes.

Frequently asked questions

What is the current guideline value of MaruthiRam Nagar Main Road (Maruthiram nagar)?

The current guideline value of MaruthiRam Nagar Main Road (Maruthiram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for MaruthiRam Nagar Main Road?

MaruthiRam Nagar Main Road is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for MaruthiRam Nagar Main Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.