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Guideline Value

Corporate

Guideline Value for MALAR AVENUE (WARD -1)

₹880/sq.ft.

The guideline value for Malar Avenue (ward -1) in Konathi village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Konathi

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Malar Avenue (ward -1)

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Malar Avenue (Ward -1) guideline value

The current guideline value of Malar Avenue (Ward -1) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Malar Avenue (Ward -1) has changed

The guideline value for Malar Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest 2024 revision has raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The most significant change occurred between the 2017 and 2023 revisions, where the value rose by 49%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Malar Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Malar Avenue (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 further calculations.

Which Sub Registrar Office covers Malar Avenue (Ward -1)?

The Sub Registrar Office that covers Malar Avenue (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Konathi. It is used to determine the stamp duty and registration fees applicable during the registration of the property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the fees.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate landscape and is crucial for both buyers and sellers to understand.

Frequently asked questions

What is the current guideline value of Malar Avenue (Ward -1)?

The current guideline value of Malar Avenue (Ward -1) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, a 10% increase. The value has also increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Malar Avenue (Ward -1)?

Malar Avenue (Ward -1) is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Malar Avenue (Ward -1)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000, leading to a stamp duty of Rs 61,600.