Guideline Value for MALLES AKANKSSHA

Malles Akankssha guideline value

The current guideline value of Malles Akankssha is Rs 2,700 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 - IV.

How the guideline value of Malles Akankssha has changed

The guideline value for Malles Akankssha has seen several revisions over the years. The 2017 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision, where it increased to Rs 2,505 per sq.ft. The most recent 2024 revision has raised the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Perumbakkam

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

• Malles Adhika: Rs 2,150 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 Akankssha

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malles Akankssha?

The Sub Registrar Office that covers Malles Akankssha is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 need to be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Malles Akankssha?

The current guideline value of Malles Akankssha is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2017 to Rs 2,505 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024. This represents an overall increase of 8% from 2017 to 2024.

What are the other streets with guideline values in Perumbakkam?

Other streets in Perumbakkam under the Selaiyur SRO include Malles Adhika, Malles Arushi, Manimegalai Street, Maple Agni Estates, Madha Koil Street, and Mettu Street, with varying guideline values.

What is the stamp duty for property in Malles Akankssha?

The stamp duty for property in Malles Akankssha is 7% of the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.

Where can I find the Sub Registrar Office for Malles Akankssha?

The Sub Registrar Office for Malles Akankssha is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.