Guideline Value for MAHENDRA AVENU

Mahendra Avenu guideline value

The current guideline value of Mahendra Avenu is Rs 250 per sq.ft. This street is located in Malliyankaranai village, under the Uthiramerur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mahendra Avenu has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 250 per sq.ft, marking a 50% increase from the 2017 figure. This value has remained consistent in the 2024 revision as well, which also stands at Rs 250 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Mahendra Avenu. Therefore, the revisions we can track are from 2012, 2017, 2023, and 2024.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. Mahendra Avenu's 2024 figure of Rs 250 per sq.ft is below this median.

• Magendira Nagar: Rs 401 per sq.ft (2024)
• Malliyankaranai: Rs 200 per sq.ft (2024)
• Malliyankaranai Madura Manikanatham: Rs 250 per sq.ft (2024)
• Krishna Nagar: Rs 250 per sq.ft (2024)
• Kg Rakesh Nagar: Rs 402 per sq.ft (2024)
• Nallur Kezhandi Sreet: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mahendra Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mahendra Avenu?

The Sub Registrar Office that covers Mahendra Avenu is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and consistent across different properties.

Frequently asked questions

What is the current guideline value of Mahendra Avenu?

The current guideline value of Mahendra Avenu is Rs 250 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value for Mahendra Avenu has seen several changes, with the most recent revision in 2024 maintaining a value of Rs 250 per sq.ft, which is the same as in 2023. The value was Rs 167 per sq.ft in 2017, and it was Rs 250 per sq.ft in 2012.

What are the stamp duty and registration fees for Mahendra Avenu?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Mahendra Avenu?

The Uthiramerur Sub Registrar Office covers Mahendra Avenu. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification for Mahendra Avenu?

The land classification for Mahendra Avenu is Residential Class I Type - I, indicating its designation for residential use within the area.