Guideline Value for Murasoli Maran Street

Murasoli Maran Street guideline value

The current guideline value of Murasoli Maran Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Murasoli Maran Street has changed

The guideline value for Murasoli Maran Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This remained unchanged in the subsequent revision in 2017, where the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. However, in the latest revision in 2023, the guideline value increased to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,500 per sq.ft. The changes in the guideline value reflect the fluctuations over the years, with significant shifts noted between the revisions of 2017 and 2023.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Murasoli Maran Street is one of the streets under the jurisdiction of the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their guideline values.

Stamp duty and registration fee for property in Murasoli Maran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Murasoli Maran Street?

The Murasoli Maran Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the official value of the property for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Murasoli Maran Street?

The current guideline value of Murasoli Maran Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023.

What is the land classification for Murasoli Maran Street?

The land classification for Murasoli Maran Street is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000.