Guideline Value for MALLES ARUSHI

Malles Arushi guideline value

The current guideline value of Malles Arushi in Perumbakkam village, under the Selaiyur SRO, is Rs 4,800 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of Malles Arushi has changed

The guideline value for Malles Arushi has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 4,520 per sq.ft, which was a noticeable increase from the previous years.

With the 2024 revision, the guideline value increased to Rs 4,800 per sq.ft, marking a 6% rise from the 2023 figure. This reflects the latest update in the guideline value register.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with a 2024 guideline value range 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 Arushi above this median.

• Malles Akankssha: Rs 2,700 per sq.ft (2024)
• Malles Adhika: Rs 2,150 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 Arushi

For a 1,000 sq.ft plot at the current rate of Rs 4,800 per sq.ft, the guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, totaling Rs 4,32,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malles Arushi?

The Malles Arushi area 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 during property registration in Perumbakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling a property, the guideline value helps both parties understand the fair value of the property based on the latest government assessments. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Malles Arushi?

The current guideline value of Malles Arushi is Rs 4,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 4,520 per sq.ft to Rs 4,800 per sq.ft, reflecting a 6% rise.

What is the land classification for Malles Arushi?

Malles Arushi is classified as Mixed Special Type - I, which indicates its zoning and usage regulations.

Where is the Selaiyur Sub Registrar Office located?

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 Arushi?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.