Guideline Value for Marvel Shire Nagar

Marvel Shire Nagar guideline value

The current guideline value of Marvel Shire Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Marvel Shire Nagar has changed

The guideline value for Marvel Shire Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, maintaining the same rate of Rs 800 per sq.ft. The most recent 2024 revision also set the guideline value at Rs 800 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the guideline value of Marvel Shire Nagar above that median.

• Mecca Nagar: Rs 600 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 600 per sq.ft (2024)
• M.G.R.Street: Rs 250 per sq.ft (2024)
• Madhavan Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 500 per sq.ft (2024)
• Nehru Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Marvel Shire Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total cost for these fees Rs 72,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Marvel Shire Nagar?

The Sub Registrar Office that covers Marvel Shire Nagar 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 Irunkattukottai_B

The guideline value is a crucial factor when buying or selling property in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value often serves as a benchmark for property transactions in the area.

When registering a property, the guideline value is assessed to ensure that the transaction is in line with the prevailing market conditions. This helps maintain transparency and fairness in property dealings, ensuring that all parties are aware of the official value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Marvel Shire Nagar?

The current guideline value of Marvel Shire Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2017 to 2024, with a significant increase of 49% from the 2017 revision to the 2023 revision.

What is the land classification of Marvel Shire Nagar?

Marvel Shire Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles registrations for this area?

The Sriperumpudur Sub Registrar Office is responsible for handling property registrations in Marvel Shire Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.