Guideline Value for MALLIGAIPOO COLONY 3RD STREET

Malligaipoo Colony 3rd Street guideline value

The current guideline value of Malligaipoo Colony 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Malligaipoo Colony 3rd Street has changed

The guideline value for Malligaipoo Colony 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in 2012, reflecting a change of +317%. The value remained unchanged at Rs 2,500 per sq.ft until the next revision in 2023, when it increased to Rs 2,700 per sq.ft, marking an increase of +8%.

From 2007 to 2024, the overall increase in the guideline value is +350%, culminating in the current figure of Rs 2,700 per sq.ft. There are no recorded figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Malligaipoo Colony 3rd Street.

• Malligaipoo Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Malligai Poo Colony: 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 3rd 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, resulting in a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Malligaipoo Colony 3rd Street?

The Sub Registrar Office that covers Malligaipoo Colony 3rd 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 critical figure used during the registration of property transactions in Perambur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps both buyers and sellers to gauge the official worth of the property in the eyes of the law.

Frequently asked questions

What is the current guideline value of Malligaipoo Colony 3rd Street?

The current guideline value of Malligaipoo Colony 3rd 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 seen several revisions, starting from Rs 600 per sq.ft in 2007, increasing to Rs 2,500 per sq.ft in 2012, and then to Rs 2,700 per sq.ft in 2023. The overall increase from 2007 to 2024 is +350%.

What is the land classification for Malligaipoo Colony 3rd Street?

Malligaipoo Colony 3rd Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this area?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Malligaipoo Colony 3rd Street.

How is the stamp duty calculated for properties in Malligaipoo Colony 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.