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Guideline Value

Corporate

Guideline Value for Maruthupandiyar Avenue

₹2750/sq.ft.

The guideline value for Maruthupandiyar Avenue in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[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 Maruthupandiyar Avenue

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Maruthupandiyar Avenue guideline value

The current guideline value for Maruthupandiyar Avenue in S. Kullathur village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Maruthupandiyar Avenue has changed

The guideline value for Maruthupandiyar Avenue has seen several revisions over the years. In the 2007 revision, the value was set at Rs 900 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 178%. However, this value decreased to Rs 1,675 per sq.ft in the 2017 revision, a drop of 33%. The value then surged to Rs 2,500 per sq.ft in the 2023 revision, reflecting an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 206%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the guideline value for Maruthupandiyar Avenue.

Stamp duty and registration fee for property in Maruthupandiyar Avenue

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. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maruthupandiyar Avenue?

The Maruthupandiyar Avenue is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value serves as a reference point for property transactions in S. Kullathur. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. The registration process requires adherence to these values, making it crucial for all parties involved to understand how these figures are determined and applied.

Frequently asked questions

What is the current guideline value of Maruthupandiyar Avenue?

The current guideline value of Maruthupandiyar Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 206% over this period.

What are the stamp duty and registration fees for properties in Maruthupandiyar Avenue?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration of properties in S. Kullathur?

The Pallavaram Sub Registrar Office handles the registration of properties in S. Kullathur, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the guideline value determined for properties in S. Kullathur?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values based on various factors.