Guideline Value for Z.L.M.J. AVENUE

Z.L.M.J. Avenue guideline value

The current guideline value of Z.L.M.J. Avenue in Perungalathur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class III Type - I.

How the guideline value of Z.L.M.J. Avenue has changed

Over the years, the guideline value for Z.L.M.J. Avenue has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,980 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. The overall change from 2012 to 2024 reflects a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing Z.L.M.J. Avenue's 2024 figure below that median.

• Yogambal Street: Rs 2,310 per sq.ft (2024)
• V.O.C Street: Rs 2,640 per sq.ft (2024)
• V.N.Apartments: Rs 2,640 per sq.ft (2024)
• Vivek Nagar Extension: Rs 1,320 per sq.ft (2024)
• Vivek Nagar: Rs 1,980 per sq.ft (2024)
• Vivekananda Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Z.L.M.J. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Z.L.M.J. Avenue?

The Sub Registrar Office that covers Z.L.M.J. Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value to ensure compliance with legal requirements and to accurately assess the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Z.L.M.J. Avenue?

The current guideline value of Z.L.M.J. Avenue 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 several times, with the most recent revision in 2024 increasing it to Rs 1,980 per sq.ft from Rs 1,800 per sq.ft in 2023. The value was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the land classification for Z.L.M.J. Avenue?

Z.L.M.J. Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600.

Where can I find the Sub Registrar Office for Z.L.M.J. Avenue?

The Sub Registrar Office for Z.L.M.J. Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.