Guideline Value

Corporate

Guideline Value for MALAVIA AVENUE 4TH CROSS STREET

₹12660/sq.ft.

The guideline value for Malavia Avenue 4th 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 4th Cross Street

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Malavia Avenue 4th Cross Street guideline value

The current guideline value of Malavia Avenue 4th 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 4th Cross Street has changed

The guideline value for Malavia Avenue 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,097 per sq.ft. This increased to Rs 1,214 per sq.ft in 2003, marking an increase of 11%. The value then rose dramatically to Rs 3,000 per sq.ft in 2007, which was a 147% increase. Following this, the value surged to Rs 11,500 per sq.ft in 2012, representing a substantial 283% increase. However, it decreased to Rs 7,705 per sq.ft in 2017, a decline of 33%. The guideline value then increased to Rs 11,500 per sq.ft in 2023, and most recently to Rs 12,660 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1054%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur village, 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 guideline value for these streets is Rs 9,900 per sq.ft, indicating that Malavia Avenue 4th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Malavia Avenue 4th 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, while the registration fee at 2% would be Rs 2,53,200. Together, the total cost for stamp duty and registration fee would be 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 4th Cross Street?

The Sub Registrar Office that covers Malavia Avenue 4th 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 more information.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property. This helps maintain transparency and consistency in real estate transactions.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the market value of properties in the area. It is essential for both parties to be aware of the guideline value to ensure fair dealings during the transaction process.

Frequently asked questions

What is the current guideline value of Malavia Avenue 4th Cross Street?

The current guideline value of Malavia Avenue 4th 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 changed significantly from Rs 1,097 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 1054% over this period.

What is the land classification for Malavia Avenue 4th Cross Street?

The land classification for Malavia Avenue 4th Cross Street is Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Malavia Avenue 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.