Guideline Value for Maruthuvar Street

Maruthuvar Street guideline value

The current guideline value of Maruthuvar Street in Amarampedu village is Rs 150 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Maruthuvar Street has changed

Maruthuvar Street has undergone several revisions in its guideline value over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in the 2017 revision, the value was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. The 2023 revision saw the value return to Rs 150 per sq.ft, and this figure was maintained in the 2024 revision, resulting in no percentage change from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is 0%.

There are no figures available for Maruthuvar Street in the revisions for the years 2002, 2003, and 2007, indicating that the register does not contain values for these years.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Maruthuvar Street's 2024 figure below this median.

• Manickapuri Extn: Rs 100 per sq.ft (2024)
• Manickapuri: Rs 100 per sq.ft (2024)
• Mandapam Street: Rs 150 per sq.ft (2024)
• M.G.R.Street: Rs 126 per sq.ft (2024)
• Madha garden: Rs 200 per sq.ft (2024)
• Lakshmi Nagar Phase 2: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthuvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, calculated at 7%, would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maruthuvar Street?

The Sub Registrar Office that covers Maruthuvar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Amarampedu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the buyer and seller must consider the guideline value to ascertain the applicable fees. This ensures compliance with local regulations and helps in the smooth transfer of ownership.

Frequently asked questions

What is the current guideline value of Maruthuvar Street?

The current guideline value of Maruthuvar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value of Maruthuvar Street has seen changes, with the most recent figures being Rs 150 per sq.ft in both the 2023 and 2024 revisions. The value was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the median guideline value in Amarampedu?

The median guideline value for streets in Amarampedu is Rs 200 per sq.ft. Maruthuvar Street's 2024 value is below this median.

What are the stamp duty and registration fees for property in Maruthuvar Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Maruthuvar Street located?

The Sub Registrar Office for Maruthuvar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.