Guideline Value for M.A.V. Avenue

M.A.V. Avenue guideline value

The current guideline value of M.A.V. Avenue, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 701 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of M.A.V. Avenue has changed

The guideline value for M.A.V. Avenue has seen several revisions over the years. The earliest recorded figure was Rs 200 per sq.ft in 2007, which then increased significantly to Rs 700 per sq.ft in 2012. However, this value decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. The value then rose to Rs 700 per sq.ft in 2023, before reaching the current figure of Rs 701 per sq.ft in 2024, showing no change from the previous year.

There are no recorded figures for M.A.V. Avenue in the years 2002 and 2003. From 2007 to 2024, the overall increase in the guideline value is 251%, reflecting the fluctuations over the years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 802 per sq.ft, placing M.A.V. Avenue's 2024 figure below this median.

• Mathimozhi Enclave: Rs 1,642 per sq.ft (2024)
• M.K.N. Nagar: Rs 701 per sq.ft (2024)
• Mallika Nagar: Rs 700 per sq.ft (2024)
• Mohanarangam Nagar: Rs 600 per sq.ft (2024)
• Malar Avenue: Rs 700 per sq.ft (2024)
• Mailima Nagar: Rs 800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty, calculated at 7%, would be Rs 49,070, while the registration fee at 2% amounts to Rs 14,020. Together, the total fees would be Rs 63,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers M.A.V. Avenue?

The Sub Registrar Office covering M.A.V. Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Karanaipuducheri. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of M.A.V. Avenue is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, with various fluctuations in between. Notably, it decreased from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, before rising again.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft. M.A.V. Avenue's current guideline value is below this median.

What are the stamp duty rates for properties in M.A.V. Avenue?

The stamp duty rate for properties in M.A.V. Avenue is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where is the Sub Registrar Office for M.A.V. Avenue located?

The Sub Registrar Office for M.A.V. Avenue is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.