Guideline Value

Corporate

Guideline Value for Ezhil Avenue

₹2200/sq.ft.

The guideline value for Ezhil Avenue in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ezhil Avenue

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Ezhil Avenue guideline value

The current guideline value of Ezhil Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Ezhil Avenue has changed

The guideline value register shows that there are no figures for Ezhil Avenue for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure for this street is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since the 2024 revision is the only figure available, there have been no changes between any revisions for Ezhil Avenue. The 2024 value is the first recorded amount for this street in the guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing Ezhil Avenue's 2024 figure below that median.

Stamp duty and registration fee for property in Ezhil Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ezhil Avenue?

The Sub Registrar Office covering Ezhil Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable to the transaction.

It is important to note that the guideline value can influence the overall costs associated with property registration, as the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ezhil Avenue?

The current guideline value of Ezhil Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

What land classification does Ezhil Avenue fall under?

Ezhil Avenue is classified as Residential Class II Type - I according to the guideline value register.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have a guideline value range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.

How is stamp duty calculated for properties in Ezhil Avenue?

Stamp duty for properties in Ezhil Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Ezhil Avenue?

The Sub Registrar Office for Ezhil Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.