Guideline Value for MALLI NAGAR ANNEX

Malli Nagar Annex guideline value

The current guideline value of Malli Nagar Annex is Rs 1,375 per sq.ft, as per the 2023 revision. This area is located in Melakottyur village and falls under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Malli Nagar Annex has changed

In the 2012 revision, the guideline value was set at Rs 1,375 per sq.ft. However, in the 2017 revision, it decreased to Rs 921 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the value rise again to Rs 1,375 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,375 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Malli Nagar Annex is one of the areas under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Malli Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be Rs 13,75,000. The stamp duty, charged at 7%, amounts to Rs 96,250, while the registration fee at 2% is Rs 27,500. Together, these fees total Rs 1,23,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malli Nagar Annex?

The Sub Registrar Office that covers Malli Nagar Annex is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Malli Nagar Annex?

The current guideline value of Malli Nagar Annex is Rs 1,375 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,375 per sq.ft in 2012 to Rs 921 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,375 per sq.ft in 2023, resulting in an overall change of 0% from 2012 to 2023.

What are the stamp duty and registration fees for property in Malli Nagar Annex?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,23,750.

Which office handles registrations for Malli Nagar Annex?

The Gooduvancheri Sub Registrar Office handles registrations for Malli Nagar Annex, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification for Malli Nagar Annex?

The land classification for Malli Nagar Annex is Residential Special Type - IV, indicating its designated use for residential purposes.