Guideline Value

Corporate

Guideline Value for CHENNAI AVENUE PHASE -V

₹400/sq.ft.

The guideline value for Chennai Avenue Phase -v in Mamandoor village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mamandoor

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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 Chennai Avenue Phase -v

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Chennai Avenue Phase -V guideline value

The current guideline value of Chennai Avenue Phase -V is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Mamandoor village under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

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

Over the years, the guideline value for Chennai Avenue Phase -V has seen several revisions. In 2012, the guideline value was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The most recent revision in 2024 maintained this value at Rs 400 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions available are from 2012, 2017, 2023, and the current 2024 revision.

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 -V is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Chennai Avenue Phase -V?

The Sub Registrar Office that covers Chennai Avenue Phase -V 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 critical factor when buying or selling property in Mamandoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price according to the local regulations.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures transparency and compliance with the local real estate laws.

Frequently asked questions

What is the current guideline value of Chennai Avenue Phase -V?

The current guideline value of Chennai Avenue Phase -V is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

What are the other streets in Mamandoor with the same guideline value?

Other streets in Mamandoor that share the same guideline value of Rs 400 per sq.ft include Chennai Avenue Phase -I, Phase II, Phase III, Phase IV, Phase -VI, and Chennai Avenue.

What fees are associated with buying property in Chennai Avenue Phase -V?

When purchasing property in Chennai Avenue Phase -V, buyers should expect to pay a stamp duty of 7% on the guideline value and a registration fee of 2%, calculated on the total guideline value.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.