Guideline Value

Corporate

Guideline Value for Maruthupandiyar Nagar

₹880/sq.ft.

The guideline value for Maruthupandiyar Nagar in Attanthangal village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹33 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Maruthupandiyar Nagar

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Maruthupandiyar Nagar guideline value

The current guideline value of Maruthupandiyar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Attanthangal village under the Redhills Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Maruthupandiyar Nagar has changed

The guideline value for Maruthupandiyar Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 33 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value jumped to Rs 800 per sq.ft in 2012, but then decreased to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent revision in 2024 raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2567%. Notably, there is no figure recorded for the year 2002 for this street in the register.

Guideline values in Attanthangal

In Attanthangal village, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median value being Rs 880 per sq.ft. Maruthupandiyar Nagar's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Maruthupandiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maruthupandiyar Nagar?

The Sub Registrar Office covering Maruthupandiyar Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Attanthangal. 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 sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Maruthupandiyar Nagar?

The current guideline value of Maruthupandiyar Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 2567% over the years.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations in Maruthupandiyar Nagar?

The Redhills Sub Registrar Office handles property registrations in Maruthupandiyar Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring transparency and compliance with legal requirements.