Guideline Value for Maruvur Avenue Phase I II III IV

Maruvur Avenue Phase I II III IV guideline value

The current guideline value for Maruvur Avenue Phase I II III IV is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kesavarayampettai village, under the Acchirapakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Maruvur Avenue Phase I II III IV has changed

The guideline value for Maruvur Avenue Phase I II III IV has remained stable in recent years. The 2023 revision recorded a guideline value of Rs 600 per sq.ft, which is the same as the 2024 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, reflecting a consistent valuation of Rs 600 per sq.ft. The absence of figures in previous revisions indicates that the guideline value for this street has not been established in those years.

Guideline values in Kesavarayampettai

In addition to Maruvur Avenue Phase I II III IV, there are other streets in Kesavarayampettai under the Acchirapakkam SRO. The following are the guideline values for these streets:

• Shakthi Rupashivani Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Maruvur Avenue Phase I II III IV

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your exact fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maruvur Avenue Phase I II III IV?

The Sub Registrar Office that covers Maruvur Avenue Phase I II III IV is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Kesavarayampettai, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Proper understanding of the guideline value ensures that all legal requirements are met during the property transfer process.

Frequently asked questions

What is the current guideline value of Maruvur Avenue Phase I II III IV?

The current guideline value of Maruvur Avenue Phase I II III IV is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 600 per sq.ft since the 2023 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Maruvur Avenue Phase I II III IV?

The land classification for Maruvur Avenue Phase I II III IV is Residential Special Type - I.

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

The Sub Registrar Office covering Maruvur Avenue Phase I II III IV is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees can amount to Rs 54,000.