Guideline Value for SRI MARUTHI NAGAR (SA)

Sri Maruthi Nagar (Sa) guideline value

The current guideline value of Sri Maruthi Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Maruthi Nagar (Sa) has changed

The guideline value for Sri Maruthi Nagar (Sa) has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 400 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, resulting in the current guideline value of Rs 440 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Sri Maruthi Nagar (Sa) below that median.

• Sri Lakshmi Nagar (Sa): Rs 660 per sq.ft (2024)
• Srinivasa Nagar (Kr): Rs 660 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 660 per sq.ft (2024)
• Sri Gopala Krishnan Nagar: Rs 880 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase - III: Rs 1,980 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Maruthi Nagar (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, calculated at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Maruthi Nagar (Sa)?

The Sub Registrar Office that covers Sri Maruthi Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 Kattankollatur

The guideline value is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Sri Maruthi Nagar (Sa)?

The current guideline value of Sri Maruthi Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sri Maruthi Nagar (Sa)?

Sri Maruthi Nagar (Sa) is classified as Residential Class II Type - II.

Where can I find the registration office for Sri Maruthi Nagar (Sa)?

The registration office for Sri Maruthi Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated in Kattankollatur?

Stamp duty in Kattankollatur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.