Guideline Value

Corporate

Guideline Value for M.A AVENUE MAIN ROAD

₹1650/sq.ft.

The guideline value for M.a Avenue Main Road in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 M.a Avenue Main Road

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M.A Avenue Main Road guideline value

The current guideline value of M.A Avenue Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of M.A Avenue Main Road has changed

Over the years, the guideline value for M.A Avenue Main Road has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

The changes between the revisions are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The 2023 to 2024 revision reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO with a 2024 guideline value range from Rs 880 to Rs 4,100 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the guideline value for M.A Avenue Main Road. Below are the guideline values for other streets in Varadarajapuram:

Stamp duty and registration fee for property in M.A Avenue Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.A Avenue Main Road?

The Sub Registrar Office that covers M.A Avenue Main Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of M.A Avenue Main Road?

The current guideline value of M.A Avenue Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What are the other streets in Varadarajapuram with their guideline values?

Other streets in Varadarajapuram include Madhanapuram at Rs 1,320 per sq.ft, Leda at Rs 990 per sq.ft, Latheef Nagar at Rs 990 per sq.ft, Mahalakshmi Nagar at Rs 1,320 per sq.ft, Mahalakshmi Nagar Extension at Rs 1,320 per sq.ft, and LakshmiNarayana Avenue at Rs 990 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in the area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the official link provided to locate your SRO. The Padappai Sub Registrar Office covers M.A Avenue Main Road.