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Guideline Value

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Guideline Value for SRI MARUTHI NAGAR (SA)

₹660/sq.ft.

The guideline value for Sri Maruthi Nagar (sa) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Maruthi Nagar (sa)

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Sri Maruthi Nagar (Sa) guideline value

The current guideline value of Sri Maruthi Nagar (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

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 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the current 2024 revision has further raised it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are a total of 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sri Maruthi Nagar (Sa) below this median value.

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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 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. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Sattamangalam, as it determines the value at which properties are registered. Buyers and sellers must be aware of the guideline value, as it influences the stamp duty and registration fees applicable during the transaction.

When purchasing property, the buyer should ensure that the sale price is at least equal to the guideline value to avoid any complications during registration. The registration office will use the guideline value to calculate the necessary fees, ensuring compliance with local regulations.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Sri Maruthi Nagar (Sa)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Maruthi Nagar (Sa)?

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

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it determines the registration value of a property, affecting the stamp duty and registration fees. It ensures that property transactions comply with local regulations and helps in preventing undervaluation during sales.