Guideline Value for MALAIADIVAARAM (WARD -1)

Malaiadivaaram (Ward -1) guideline value

The current guideline value of Malaiadivaaram (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Malaiadivaaram (Ward -1) has changed

Over the years, the guideline value of Malaiadivaaram has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the latest 2024 revision has raised it to Rs 770 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The significant changes include a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. For the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value of Malaiadivaaram (Ward -1).

• Malai Mettu Street (Ward -1): Rs 770 per sq.ft (2024)
• Malaipuram Extention (Ward -1): Rs 770 per sq.ft (2024)
• Malar Avenue (Ward -1): Rs 881 per sq.ft (2024)
• Maragatham Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Lancor Uds: Rs 1,980 per sq.ft (2024)
• Kumaran 2st Street (Ward-20): Rs 881 per sq.ft (2024)

Stamp duty and registration fee for property in Malaiadivaaram (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Malaiadivaaram (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Malaiadivaaram (Ward -1). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the current market conditions, helping to maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Malaiadivaaram (Ward -1)?

The current guideline value of Malaiadivaaram (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Malaiadivaaram (Ward -1)?

Malaiadivaaram (Ward -1) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Malaiadivaaram (Ward -1)?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000. The stamp duty at 7% is Rs 53,900, and the registration fee at 2% is Rs 15,400, totaling Rs 69,300.

Which office handles the registration of properties in Malaiadivaaram (Ward -1)?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations in Malaiadivaaram (Ward -1), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.