Guideline Value

Corporate

Guideline Value for MALAVIA AVENUE 2ND CROSS STREET

₹12660/sq.ft.

The guideline value for Malavia Avenue 2nd Cross 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 ₹1214 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1097 /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 2nd Cross Street

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Malavia Avenue 2nd Cross Street guideline value

The current guideline value of Malavia Avenue 2nd Cross Street is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Malavia Avenue 2nd Cross Street has changed

In the 2002 revision, the guideline value was Rs 1,097 per sq.ft. This figure increased to Rs 1,214 per sq.ft in 2003, marking a change of +11%. The next significant revision occurred in 2007, where the guideline value rose to Rs 3,000 per sq.ft, reflecting an increase of +147%. In 2012, the value was recorded at Rs 11,500 per sq.ft, which was a substantial increase of +283% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 7,705 per sq.ft, showing a decline of -33%. The value then rose significantly to Rs 11,500 per sq.ft in 2023, marking an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 12,660 per sq.ft, which is a +10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by +1054%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Malavia Avenue 2nd Cross Street above this median.

Stamp duty and registration fee for property in Malavia Avenue 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value amounts to Rs 1,26,60,000. The stamp duty at 7% would be Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, resulting in a total of Rs 11,39,400. It is important to note that 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 more details.

Which Sub Registrar Office covers Malavia Avenue 2nd Cross Street?

The Sub Registrar Office that covers Malavia Avenue 2nd Cross 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 further assistance.

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

The guideline value plays a crucial role during property registration in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the stamp duty is charged based on the higher of the two values, ensuring that the registration process adheres to the established guidelines.

Frequently asked questions

What is the current guideline value of Malavia Avenue 2nd Cross Street?

The current guideline value of Malavia Avenue 2nd Cross 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 seen significant changes, from Rs 1,097 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, which is an overall increase of +1054%.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200 and the registration fee would be Rs 2,53,200, totaling Rs 11,39,400.

Which office handles registrations for Malavia Avenue 2nd Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Malavia Avenue 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with Malavia Avenue 2nd Cross Street's value being above this median.