Guideline Value for Malar Avenue

Malar Avenue guideline value

The current guideline value of Malar Avenue, located in Vandalur village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Malar Avenue has changed

The guideline value of Malar Avenue has seen several revisions over the years. In 2007, the guideline value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking an increase of 173%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Malar Avenue is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Malar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Malar Avenue?

The Sub Registrar Office that covers Malar Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Malar Avenue?

The current guideline value of Malar Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for Malar Avenue?

For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Malar Avenue?

The Gooduvancheri Sub Registrar Office covers Malar Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any guideline value figures for 2024?

No, the register has no figure for the year 2024 for Malar Avenue.