Guideline Value for GE MAHATHI AVENUE II

Ge Mahathi Avenue II guideline value

The current guideline value of Ge Mahathi Avenue II is Rs 800 per sq.ft. This property is located in Kannivakkam village under the Thiruporur SRO, classified as Commercial Class I Type - I.

How the guideline value of Ge Mahathi Avenue II has changed

According to the guideline value register, there have been revisions for Ge Mahathi Avenue II in 2023 and 2024, both set at Rs 800 per sq.ft, indicating no change between these two years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

The 2024 revision maintains the same value as the 2023 revision, showing a change of +0%. As a result, the guideline value has remained stable over the last two years.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft. The median value for these streets is Rs 1,050 per sq.ft, placing Ge Mahathi Avenue II's 2024 figure below that median.

• Ge Green Land: Rs 800 per sq.ft (2024)
• Ge Geo City: Rs 605 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)
• Ge Swarnaboomi & Ge Swargaboomi: Rs 800 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ge Mahathi Avenue II

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ge Mahathi Avenue II?

The Sub Registrar Office that covers Ge Mahathi Avenue II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kannivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in assessing the appropriate taxes and fees due at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ge Mahathi Avenue II?

The current guideline value of Ge Mahathi Avenue II is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ge Mahathi Avenue II has remained the same at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ge Mahathi Avenue II?

Ge Mahathi Avenue II is classified as Commercial Class I Type - I, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this property?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, and it handles registrations for Ge Mahathi Avenue II.