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 Panangottur 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. The 2024 revision sets the guideline value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, the 2017 revision had the value at Rs 268 per sq.ft, which represented a significant 49% increase from the 2017 figure to the 2023 figure. The 2012 revision also had a value of Rs 400 per sq.ft, showing a decrease of 33% from the 2012 to 2017 revisions. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Sri Maruthi Nagar (Sa) below this 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 Ganapathy Nagar Colony Extn - V: Rs 660 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Ram Nagar (Kr): Rs 660 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 at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Panangottur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount in duties and fees based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value for 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 2023 to Rs 440 per sq.ft in 2024, a 10% increase. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing various changes over the years.

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

Sri Maruthi Nagar (Sa) is classified as Residential Class II Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

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 the stamp duty calculated for properties in Sri Maruthi Nagar (Sa)?

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