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Guideline Value

Corporate

Guideline Value for Ranjith Cross Street [Maruthai Avenue]

₹6600/sq.ft.

The guideline value for Ranjith Cross Street [maruthai Avenue] in Adayar village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 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

Adayar

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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]
Records for a plot on Ranjith Cross Street [maruthai Avenue]

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Ranjith Cross Street [Maruthai Avenue] guideline value

The current guideline value of Ranjith Cross Street [Maruthai Avenue] is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ranjith Cross Street [Maruthai Avenue] has changed

The guideline value for Ranjith Cross Street [Maruthai Avenue] has undergone several revisions over the years. In the 2007 revision, the value was Rs 3,000 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 4,020 per sq.ft. The next revision in 2023 brought the value back up to Rs 6,000 per sq.ft, and as of the 2024 revision, the current guideline value is Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Ranjith Cross Street [Maruthai Avenue] above that median with its current value of Rs 6,600 per sq.ft.

Stamp duty and registration fee for property in Ranjith Cross Street [Maruthai Avenue]

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. 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 Ranjith Cross Street [Maruthai Avenue]?

The Sub Registrar Office that covers Ranjith Cross Street [Maruthai Avenue] is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is crucial to ensure that the guideline value is correctly reflected in the documents. This helps in avoiding any discrepancies that may arise during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ranjith Cross Street [Maruthai Avenue]?

The current guideline value of Ranjith Cross Street [Maruthai Avenue] is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, with Ranjith Cross Street [Maruthai Avenue] being above this median at Rs 6,600 per sq.ft.

What are the stamp duty rates for property in Adayar?

The stamp duty rate for property transactions in Adayar is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ranjith Cross Street [Maruthai Avenue]?

The Sub Registrar Office for Ranjith Cross Street [Maruthai Avenue] is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.