Guideline Value for Mallika Avenue Annex

Mallika Avenue Annex guideline value

The current guideline value for Mallika Avenue Annex is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Mallika Avenue Annex has changed

The guideline value for Mallika Avenue Annex has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. However, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

As of the 2024 revision, the guideline value has risen to Rs 2,700 per sq.ft, marking an 8% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Mallika Avenue Annex's current guideline value is below this median.

• Malligai Avenue Annex: Rs 2,700 per sq.ft (2024)
• Malligai Avenue: Rs 4,400 per sq.ft (2024)
• Makkaram Thottam 9th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 8th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 7th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mallika Avenue Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Please 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 precise calculations.

Which Sub Registrar Office covers Mallika Avenue Annex?

Mallika Avenue Annex is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential reference for determining the official value of properties during registration. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the guideline value, as it can influence the total costs involved in a property transaction in Kolathur.

Frequently asked questions

What is the current guideline value of Mallika Avenue Annex?

The current guideline value of Mallika Avenue Annex is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 286%.

What is the stamp duty rate for properties in Mallika Avenue Annex?

The stamp duty rate for properties in Mallika Avenue Annex is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, while Mallika Avenue Annex's guideline value is below this median.