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

Z.L.M.J.Annex guideline value

The current guideline value of Z.L.M.J.Annex in Kizhavalem village, under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

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

The guideline value for Z.L.M.J.Annex has seen several revisions over the years. The oldest recorded figure is from 2007, which was Rs 20 per sq.ft. This increased to Rs 85 per sq.ft in 2012, marking a significant rise of 325%. However, the value decreased to Rs 57 per sq.ft in 2017, a drop of 33%. The most recent revisions show no change from 2023 to 2024, with the value remaining at Rs 100 per sq.ft.

From 2017 to 2023, the guideline value increased by 75%, bringing it to Rs 100 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 400%, reflecting the changes in property valuation over the years. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kizhavalem

Kizhavalem village has 19 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, placing Z.L.M.J.Annex below this median.

• Z.L.M.J. Nagar: Rs 100 per sq.ft (2024)
• Vijayalakshmi Garden: Rs 101 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 103 per sq.ft (2024)
• Sri Ranga Nagar Phase - II: Rs 100 per sq.ft (2024)
• Sri Ranga Nagar: Rs 101 per sq.ft (2024)
• Sriram Nagar: Rs 120 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Z.L.M.J.Annex is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Kizhavalem. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

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

The current guideline value of Z.L.M.J.Annex is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, reflecting an overall increase of 400% over this period.

What is the land classification of Z.L.M.J.Annex?

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

Where can I find the registration office for Z.L.M.J.Annex?

The registration office covering Z.L.M.J.Annex is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu.

How is stamp duty calculated in Kizhavalem?

Stamp duty in Kizhavalem is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.