Guideline Value for MM AVENUE

Mm Avenue guideline value

The current guideline value of Mm Avenue in Mogalivakkam village, under the Kunrathur SRO, is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Mm Avenue has changed

The guideline value for Mm Avenue has undergone several revisions over the years. The earliest recorded figure is from 2017, where the guideline value was Rs 2,200 per sq.ft. This increased to Rs 3,284 per sq.ft in 2023, marking a notable rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Mm Avenue's 2024 figure above this median.

• Mettukuppam Bajanai Koil Street: Rs 2,970 per sq.ft (2024)
• Mettukuppam: Rs 2,970 per sq.ft (2024)
• Munusamy Nagar: Rs 2,970 per sq.ft (2024)
• Maris Avenue: Rs 6,600 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,970 per sq.ft (2024)
• Maragatham Chandrasekar Nagar: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Mm Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, while the registration fee at 2% would be Rs 72,000. Together, these fees total Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Mm Avenue?

The Sub Registrar Office that covers Mm Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Mm Avenue?

The current guideline value of Mm Avenue is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,200 per sq.ft to Rs 3,600 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

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

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles property registrations for Mm Avenue?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registrations for Mm Avenue.

What is the land classification for Mm Avenue?

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