Guideline Value for NORTH EAST ZONE

North East Zone guideline value

The current guideline value in the North East Zone of Marutheri village, under the Thiruporur SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of North East Zone has changed

The guideline value for this street has remained consistent at Rs 700 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.

From the 2023 revision to the 2024 revision, there was no change in the guideline value, remaining at Rs 700 per sq.ft. This indicates stability in the guideline value for this particular street over the last two years.

Guideline values in Marutheri

In Marutheri village, there are four streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 913 per sq.ft, and the current guideline value for this street is below that median.

• Skandaas: Rs 825 per sq.ft (2024)
• Skandaas Phase I: Rs 1,000 per sq.ft (2024)
• Skandaas Phase II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in North East Zone

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, resulting in Rs 49,000, while the registration fee at 2% amounts to Rs 14,000. Together, the total cost for stamp duty and registration fee would be Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North East Zone?

The North East Zone is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Marutheri. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value in North East Zone?

The current guideline value in the North East Zone of Marutheri village is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision, with no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Marutheri?

Other streets in Marutheri have varying guideline values, with Skandaas at Rs 825 per sq.ft, Skandaas Phase I and II both at Rs 1,000 per sq.ft for 2024.

What are the stamp duty and registration fees in North East Zone?

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft incurs a total of Rs 63,000 in fees.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.