Guideline Value for MALLIGAIPOO COLONY 2ND STREET

Malligaipoo Colony 2nd Street guideline value

The current guideline value of Malligaipoo Colony 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Malligaipoo Colony 2nd Street has changed

The guideline value for Malligaipoo Colony 2nd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which then saw a significant increase in the 2012 revision, remaining at Rs 2,500 per sq.ft. This was a substantial change of 317%. The value stayed the same in the 2023 revision at Rs 2,500 per sq.ft, before increasing to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary across 1,114 streets under the Purasaivakkam SRO, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Malligaipoo Colony 2nd Street.

• Malligaipoo Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Malligai Poo Colony: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Malligaipoo Colony 2nd Street

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

Which Sub Registrar Office covers Malligaipoo Colony 2nd Street?

The Sub Registrar Office that covers Malligaipoo Colony 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

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

When you register a property, the duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Malligaipoo Colony 2nd Street?

The current guideline value of Malligaipoo Colony 2nd Street 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 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What is the registration office for Malligaipoo Colony 2nd Street?

The registration office for Malligaipoo Colony 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Where can I find more information about the guideline values in Perambur?

You can find more information about guideline values in Perambur through the Registration Department's guideline value register (TNReginet) or by visiting the local Sub Registrar Office.