Guideline Value for MALEESWARAN KOIL STREET

Maleeswaran Koil Street guideline value

The current guideline value of Maleeswaran Koil Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, with a land classification of Residential Class III Type - II.

How the guideline value of Maleeswaran Koil Street has changed

The guideline value for Maleeswaran Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,540 per sq.ft. This figure saw a significant increase to Rs 8,500 per sq.ft in 2012, marking a change of +452%. The value remained unchanged at Rs 8,500 per sq.ft until the 2023 revision, which increased it to Rs 8,500 per sq.ft, showing no change. The most recent revision in 2024 has raised the guideline value to Rs 9,300 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +504%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Maleeswaran Koil Street's 2024 figure above that median.

• Malaiappan Street: Rs 8,200 per sq.ft (2024)
• Makkan Dharga Ground: Rs 3,300 per sq.ft (2024)
• Mandaveli Lane: Rs 8,800 per sq.ft (2024)
• Mandaveli Street: Rs 8,800 per sq.ft (2024)
• Manickam Avenue: Rs 8,200 per sq.ft (2024)
• Mannkollai: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Maleeswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty, charged at 7%, would amount to Rs 6,51,000, while the registration fee at 2% would be Rs 1,86,000. Together, the total cost for these fees would be Rs 8,37,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maleeswaran Koil Street?

The Sub Registrar Office that covers Maleeswaran Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that buyers need to pay when acquiring property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to understand their financial obligations during the purchase process.

Frequently asked questions

What is the current guideline value of Maleeswaran Koil Street?

The current guideline value of Maleeswaran Koil Street is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,540 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, an overall increase of +504%.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000 and the registration fee would be Rs 1,86,000, totaling Rs 8,37,000.

Which Sub Registrar Office covers this street?

The Mylapore Sub Registrar Office covers Maleeswaran Koil Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, with Maleeswaran Koil Street's value being above this median at Rs 9,300 per sq.ft.