Guideline Value

Corporate

Guideline Value for MALEPOTHATUR REDDY STREET

₹126/sq.ft.

The guideline value for Malepothatur Reddy Street in Podaturpet village (Pallipattu SRO, Chennai zone) is Rs 126 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Podaturpet

Village

Pallipattu

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹126 /sq.ft.
From 1-4-2023 ₹126 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹84 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Malepothatur Reddy Street

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Malepothatur Reddy Street guideline value

The current guideline value of Malepothatur Reddy Street is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Malepothatur Reddy Street has changed

The guideline value for Malepothatur Reddy Street has undergone several revisions over the years. The 2017 revision set the value at Rs 84 per sq.ft. This figure remained unchanged until the 2023 revision, where it was raised to Rs 126 per sq.ft. From 2017 to 2023, the value increased by 50%. The 2024 revision also maintains the value at Rs 126 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making the guideline value of Malepothatur Reddy Street below the median.

Stamp duty and registration fee for property in Malepothatur Reddy Street

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total to Rs 11,340. It is important to note that the 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 more details.

Which Sub Registrar Office covers Malepothatur Reddy Street?

The Sub Registrar Office that covers Malepothatur Reddy Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Podaturpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Malepothatur Reddy Street?

The current guideline value of Malepothatur Reddy Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023 and remains the same in 2024. This represents a 50% increase overall from 2017 to 2024.

What is the median guideline value for streets in Podaturpet?

The median guideline value for the 47 streets in Podaturpet under the Pallipattu SRO is Rs 250 per sq.ft. Malepothatur Reddy Street's guideline value is below this median.

What are the stamp duty and registration fees for property in Malepothatur Reddy Street?

The stamp duty for a property valued at Rs 1,26,000 is Rs 8,820, while the registration fee is Rs 2,520, totaling Rs 11,340. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Malepothatur Reddy Street?

The Pallipattu Sub Registrar Office handles registrations for Malepothatur Reddy Street. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.