Guideline Value for CHENNAI AVENUE PHASE -VI

Chennai Avenue Phase -VI guideline value

The current guideline value for Chennai Avenue Phase -VI is Rs 400 per sq.ft. This property is located in Mamandoor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chennai Avenue Phase -VI has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017, 2023, and the upcoming 2024 revision, which also maintains the value at Rs 400 per sq.ft. The 2017 revision saw a significant increase of 49% from the previous 2012 figure of Rs 268 per sq.ft.

Between the 2012 and 2024 revisions, the overall change is recorded as +0%, indicating stability in the guideline value during this period. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Chennai Avenue Phase -VI is below this median.

• Chennai Avenue Phase -V: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase IV: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -III: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase II: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -I: Rs 400 per sq.ft (2024)
• Chennai Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Avenue Phase -VI

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chennai Avenue Phase -VI?

The Sub Registrar Office covering Chennai Avenue Phase -VI 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 Mamandoor

The guideline value is a crucial factor when registering property transactions in Mamandoor. It serves as a benchmark for calculating the stamp duty and registration fees associated with the sale or purchase of property.

When you buy or sell property, the registration office uses the guideline value to determine the applicable fees. This ensures that all transactions are recorded accurately and fairly, based on the established values for the area.

Frequently asked questions

What is the current guideline value for Chennai Avenue Phase -VI?

The current guideline value for Chennai Avenue Phase -VI is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Chennai Avenue Phase -VI has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017.

What is the land classification for Chennai Avenue Phase -VI?

Chennai Avenue Phase -VI is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for Chennai Avenue Phase -VI and surrounding areas.