Guideline Value

Corporate

Guideline Value for M.D. AVENUE

₹1001/sq.ft.

The guideline value for M.d. Avenue in Edayanchavadi village (Thiruvottiyur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Edayanchavadi

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]

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M.D. Avenue guideline value

The current guideline value of M.D. Avenue in Edayanchavadi village, under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of M.D. Avenue has changed

The guideline value for M.D. Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 335 per sq.ft, which was then increased to Rs 1,000 per sq.ft in the 2023 revision. The current revision for 2024 maintains this value at Rs 1,001 per sq.ft, reflecting a notable increase of 199% from 2017 to 2023 and an overall increase of 199% from 2017 to 2024.

It is important to note that there are no figures available for M.D. Avenue in the revisions of 2002, 2003, 2007, and 2012. The guideline value remained unchanged from 2023 to 2024, with an increase from Rs 1,000 to Rs 1,001 per sq.ft.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median value for these streets is Rs 1,001 per sq.ft, which is equal to the guideline value of M.D. Avenue.

Stamp duty and registration fee for property in M.D. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. Please 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 further calculations.

Which Sub Registrar Office covers M.D. Avenue?

The M.D. Avenue is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Edayanchavadi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, aiding in negotiations and ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of M.D. Avenue?

The current guideline value of M.D. Avenue is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 335 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,001 per sq.ft in 2024, marking a total increase of 199% from 2017 to 2024.

What is the land classification for M.D. Avenue?

M.D. Avenue is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for M.D. Avenue?

The Sub Registrar Office covering M.D. Avenue is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Edayanchavadi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,001 per sq.ft would incur a stamp duty of Rs 70,070.