Guideline Value for CHENNAI AVENUE PHASE IV

Chennai Avenue Phase IV guideline value

The current guideline value of Chennai Avenue Phase IV is Rs 400 per sq.ft, effective from 1 July 2024. This street 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 IV has changed

The guideline value for Chennai Avenue Phase IV has remained consistent at Rs 400 per sq.ft since the 2023 revision. The 2024 revision has also set the guideline value at Rs 400 per sq.ft, indicating no change from the previous year.

For the years prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from the 2023 and 2024 revisions.

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 IV is below this median.

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

Stamp duty and registration fee for property in Chennai Avenue Phase IV

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 at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chennai Avenue Phase IV?

The Chengleput Joint II Sub Registrar Office covers Chennai Avenue Phase IV. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when buying or selling property in Mamandoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, preventing underreporting. Buyers and sellers must consider this value to comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Chennai Avenue Phase IV?

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

How has the guideline value changed over the years?

The guideline value for Chennai Avenue Phase IV has remained at Rs 400 per sq.ft since the 2023 revision, with no changes noted between the 2023 and 2024 revisions.

What is the land classification for Chennai Avenue Phase IV?

Chennai Avenue Phase IV is classified as Residential Class I Type - I under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000.

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, Chengalpattu registration zone.