Guideline Value

Corporate

Guideline Value for MALAVIA AVENUE

₹12660/sq.ft.

The guideline value for Malavia Avenue 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 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)

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]

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Malavia Avenue guideline value

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

How the guideline value of Malavia Avenue has changed

The guideline value for Malavia Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 11,500 per sq.ft, which was then reduced to Rs 7,705 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 11,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 12,660 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the value decreased by 33% from 2012 to 2017. The overall change from 2012 to 2024 shows a 10% increase, reflecting the current guideline value of Rs 12,660 per sq.ft.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for the area is Rs 9,900 per sq.ft, positioning Malavia Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Malavia Avenue

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, charged 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 these fees would be Rs 11,39,400. Note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malavia Avenue?

Malavia Avenue is covered by 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 property transactions in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that all transactions are recorded accurately and transparently in the property registry.

Frequently asked questions

What is the current guideline value of Malavia Avenue?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,660 per sq.ft in 2024.

What is the land classification of Malavia Avenue?

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

What are the stamp duty and registration fees for a property in Malavia Avenue?

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 property registrations for Malavia Avenue?

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