Guideline Value for CHENNAI AVENUE

Chennai Avenue guideline value

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

How the guideline value of Chennai Avenue has changed

The guideline value for Chennai Avenue has remained consistent at Rs 400 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

From the 2023 to the 2024 revision, there has been no change, with the guideline value increasing by +0%. This stability indicates a consistent valuation for this street over the last two years.

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. Chennai Avenue's 2024 figure of Rs 400 per sq.ft 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 Phase -III: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase IV: 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

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, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chennai Avenue?

The Sub Registrar Office that covers Chennai Avenue 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 plays a crucial role in the registration process when buying or selling property in Mamandoor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chennai Avenue?

The current guideline value of Chennai Avenue 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 has remained at Rs 400 per sq.ft since the 2023 revision. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Mamandoor?

The median guideline value for streets in Mamandoor is Rs 500 per sq.ft. Chennai Avenue's 2024 figure of Rs 400 per sq.ft is below this median.

What are the stamp duty and registration fees for property in Chennai Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Chennai Avenue?

The Chengleput Joint II Sub Registrar Office handles registrations for Chennai Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.