Guideline Value for MALLES ADHIKA

Malles Adhika guideline value

The current guideline value of Malles Adhika is Rs 2,150 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Malles Adhika has changed

The guideline value for Malles Adhika has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,150 per sq.ft, which is an increase from Rs 2,010 per sq.ft in the 2023 revision. Notably, there was no change in the value from the 2017 revision, which also recorded Rs 2,010 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 7%. The change from 2023 to 2024 reflects a 7% increase, while the value remained stable from 2017 to 2023.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Malles Adhika's 2024 figure below this median.

• Malles Akankssha: Rs 2,700 per sq.ft (2024)
• Malles Arushi: Rs 4,800 per sq.ft (2024)
• Manimegalai Street: Rs 3,300 per sq.ft (2024)
• Maple Agni Estates: Rs 2,725 per sq.ft (2024)
• Madha Koil Street: Rs 3,300 per sq.ft (2024)
• Mettu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Malles Adhika

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would amount to Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, bringing the total fees to Rs 1,93,500. 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 precise calculations.

Which Sub Registrar Office covers Malles Adhika?

The Malles Adhika property falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is in line with the guideline value to avoid discrepancies. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Malles Adhika?

The current guideline value of Malles Adhika is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2023 to Rs 2,150 per sq.ft in 2024, reflecting a 7% increase. There was no change from 2017 to 2023, where it remained at Rs 2,010 per sq.ft.

What is the land classification of Malles Adhika?

Malles Adhika is classified as Residential Class I Type - III, which is significant for property transactions in the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Malles Adhika?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 21,50,000 would incur a stamp duty of Rs 1,50,500 at 7%.