Guideline Value for MALE STREET

Male Street guideline value

The current guideline value of Male Street in Iyaampettai village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Male Street has changed

The guideline value of Male Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 50 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 900%. However, it decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 500 per sq.ft in 2023, followed by the current rate of Rs 550 per sq.ft in 2024, which represents a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Male Street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Iyaampettai

In Iyaampettai, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 660 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the 2024 guideline value of Male Street.

• Main Road: Rs 550 per sq.ft (2024)
• Melmadaveethi: Rs 550 per sq.ft (2024)
• Kezh Street: Rs 550 per sq.ft (2024)
• Nadu Street: Rs 550 per sq.ft (2024)
• Kanthappar Street: Rs 550 per sq.ft (2024)
• Kanthapar Nagar: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Male Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to 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 more detailed calculations.

Which Sub Registrar Office covers Male Street?

The Sub Registrar Office that covers Male Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Iyaampettai, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is essential for both buyers and sellers as it impacts the overall costs associated with property transactions.

During the registration process, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Male Street?

The current guideline value of Male Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with several revisions in between, including a significant increase of 900% from 2007 to 2012.

What is the median guideline value of streets in Iyaampettai?

The median guideline value of streets in Iyaampettai is Rs 550 per sq.ft, which is the same as the current value for Male Street.

What are the stamp duty and registration fees for Male Street?

The stamp duty for a property on Male Street is 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft, these fees total Rs 49,500.

Where can I find the Sub Registrar Office for Male Street?

The Sub Registrar Office for Male Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.