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Guideline Value

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Guideline Value for M.A.V. Balamurugan Avenue

₹1100/sq.ft.

The guideline value for M.a.v. Balamurugan Avenue in Kaspapuram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kaspapuram

Village

Tambaram Joint 1

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on M.a.v. Balamurugan Avenue

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M.A.V. Balamurugan Avenue guideline value

The current guideline value of M.A.V. Balamurugan Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - IV.

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

The guideline value for M.A.V. Balamurugan Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. In 2023, the value rose to Rs 1,000 per sq.ft again, followed by a 10% increase to Rs 1,100 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of M.A.V. Balamurugan Avenue.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers M.A.V. Balamurugan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kaspapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Kaspapuram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of their financial obligations during the transaction, based on the established guideline value.

Frequently asked questions

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

The current guideline value of M.A.V. Balamurugan Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets in Kaspapuram and their guideline values?

Other streets in Kaspapuram include M A V Manickam Avenue All Streets at Rs 660 per sq.ft, Mav Mummurthi Avenue at Rs 1,650 per sq.ft, and Mayana Salai at Rs 440 per sq.ft, among others.

What are the stamp duty and registration fees for properties in M.A.V. Balamurugan Avenue?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for M.A.V. Balamurugan Avenue?

The Tambaram Joint 1 Sub Registrar Office handles registrations for M.A.V. Balamurugan Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.