Guideline Value

Corporate

Guideline Value for Marvel County

₹1320/sq.ft.

The guideline value for Marvel County in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 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

Varadarajapuram

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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]

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Marvel County guideline value

The current guideline value of Marvel County, located in Varadarajapuram village under the Padappai SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Marvel County has changed

The guideline value for Marvel County has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 150 per sq.ft, which saw a significant increase to Rs 1,200 per sq.ft in 2012, marking a rise of 700%. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, which then increased to Rs 1,320 per sq.ft in 2024, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Marvel County is below this median.

Stamp duty and registration fee for property in Marvel County

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty at 7% amounts to Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marvel County?

The Sub Registrar Office that covers Marvel County is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Varadarajapuram. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value helps determine the financial obligations associated with the transaction, including taxes and fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Marvel County?

The current guideline value of Marvel County is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 780%.

What are the stamp duty and registration fees for properties in Marvel County?

For a property valued at Rs 13,20,000, the stamp duty at 7% is Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Marvel County?

The Padappai Sub Registrar Office handles registrations for Marvel County, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is important for buyers and sellers to be aware of this value to understand their financial obligations when registering a property.