Guideline Value for MARDEN AVENUE ,GANGA NAGAR EXT

Marden Avenue ,Ganga Nagar Ext guideline value

The current guideline value of Marden Avenue, Ganga Nagar Ext is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Marden Avenue ,Ganga Nagar Ext has changed

The guideline value for Marden Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the fluctuations in the intervening years.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Marden Avenue's 2024 figure below that median.

• Marden Avenue, Sumuga Vinayagar Koil Street: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,200 per sq.ft (2024)
• Manoharan Street: Rs 2,200 per sq.ft (2024)
• Manikandan Street: Rs 2,200 per sq.ft (2024)
• Manickam Nagar 2nd Cross St.: Rs 2,160 per sq.ft (2024)
• Manickam Nagar 1st Cross St.: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Marden Avenue ,Ganga Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total costs together to Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Marden Avenue ,Ganga Nagar Ext?

The Sub Registrar Office covering Marden Avenue, Ganga Nagar Ext is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kilkattalai, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with the prevailing market standards.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers must be aware of these values to accurately estimate the total expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Marden Avenue, Ganga Nagar Ext?

The current guideline value of Marden Avenue, Ganga Nagar Ext is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Marden Avenue?

Marden Avenue is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Marden Avenue located?

The Sub Registrar Office for Marden Avenue is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, under the Chengalpattu registration zone.