Guideline Value for MALAR AVEUNUE (N)

Malar Aveunue (N) guideline value

The current guideline value of Malar Aveunue (N) in Peramanoor village is Rs 661 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Malar Aveunue (N) has changed

The guideline value for Malar Aveunue (N) has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 661 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for Malar Aveunue (N) in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Malar Aveunue (N) below this median.

• Main Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Mamarathu Gate Union Road (Per): Rs 990 per sq.ft (2024)
• Mangayarkarasi Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Maha Ngar Phase -1,2,3 (Pa): Rs 661 per sq.ft (2024)
• Manickavasagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Manimegalai Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Malar Aveunue (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, resulting in a total of Rs 59,490. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malar Aveunue (N)?

The Sub Registrar Office that covers Malar Aveunue (N) 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It determines the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is officially recorded in accordance with government regulations.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for assessing the financial obligations associated with the sale. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Malar Aveunue (N)?

The current guideline value of Malar Aveunue (N) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Malar Aveunue (N)?

Malar Aveunue (N) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Malar Aveunue (N)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 661 per sq.ft, the stamp duty would be Rs 46,270.