Guideline Value

Corporate

Guideline Value for MALAVIA AVENUE 1ST STREET

₹12660/sq.ft.

The guideline value for Malavia Avenue 1st Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12660 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12660 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1729 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1563 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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]
Records for a plot on Malavia Avenue 1st Street

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Malavia Avenue 1st Street guideline value

The current guideline value of Malavia Avenue 1st Street is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Malavia Avenue 1st Street has changed

The guideline value for Malavia Avenue 1st Street has seen several revisions over the years. In 2002, the value was Rs 1,563 per sq.ft, which increased to Rs 1,729 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 3,000 per sq.ft in 2007, an increase of +74%. Following this, the value surged to Rs 11,500 per sq.ft in 2012, reflecting a remarkable increase of +283%. However, the value decreased to Rs 7,705 per sq.ft in 2017, a drop of -33%. The guideline value then climbed to Rs 11,500 per sq.ft in 2023, before reaching the current figure of Rs 12,660 per sq.ft in 2024, which is an increase of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +710%. There are no figures available for the years not mentioned in this summary.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO carrying a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, and Malavia Avenue 1st Street's current value is above this median.

Stamp duty and registration fee for property in Malavia Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value would be Rs 1,26,60,000. The stamp duty at 7% would amount to Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, totaling Rs 11,39,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malavia Avenue 1st Street?

The Sub Registrar Office that covers Malavia Avenue 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary fees. This ensures that the fees reflect the true value of the transaction, whether it is based on the market sale price or the established guideline value.

Frequently asked questions

What is the current guideline value of Malavia Avenue 1st Street?

The current guideline value of Malavia Avenue 1st Street is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,563 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, with various increases and one decrease noted in the revisions.

What is the land classification for Malavia Avenue 1st Street?

Malavia Avenue 1st Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the registration office for Malavia Avenue 1st Street?

The registration office for Malavia Avenue 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the fees reflect the true value of the transaction.