Guideline Value

Corporate

Guideline Value for SRI KALIGAMBAL AVENUE

₹330/sq.ft.

The guideline value for Sri Kaligambal Avenue in Melsingilimedu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Melsingilimedu

Village

Thiruvottiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]
Records for a plot on Sri Kaligambal Avenue

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Sri Kaligambal Avenue guideline value

The current guideline value of Sri Kaligambal Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Melsingilimedu village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sri Kaligambal Avenue has changed

Over the years, the guideline value of Sri Kaligambal Avenue has seen several revisions. The earliest recorded revision for this street was in 2012, with a value of Rs 300 per sq.ft. In 2017, the value decreased to Rs 201 per sq.ft, followed by a rise to Rs 300 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Melsingilimedu

In Melsingilimedu village, there are 14 streets that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is also the current guideline value for Sri Kaligambal Avenue.

Stamp duty and registration fee for property in Sri Kaligambal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees together Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kaligambal Avenue?

The Sub Registrar Office that covers Sri Kaligambal Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Melsingilimedu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. Understanding these values helps ensure compliance with local regulations and facilitates a smoother registration process.

Frequently asked questions

What is the current guideline value of Sri Kaligambal Avenue?

The current guideline value of Sri Kaligambal Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Sri Kaligambal Avenue?

Sri Kaligambal Avenue is classified as Commercial Class I Type - I, which indicates its designation for commercial use.

How is stamp duty calculated for properties in Sri Kaligambal Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.

Which Sub Registrar Office should I visit for property transactions in Sri Kaligambal Avenue?

The Thiruvottiyur Sub Registrar Office covers Sri Kaligambal Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.