Guideline Value for MALLIGAIPOO COLONY 5TH STREET

Malligaipoo Colony 5th Street guideline value

The current guideline value of Malligaipoo Colony 5th Street is Rs 2,700 per sq.ft. 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 5th Street has changed

The guideline value for Malligaipoo Colony 5th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a change of +317%. The value remained the same at Rs 2,500 per sq.ft until the next revision in 2023.

In 2023, the guideline value was updated to Rs 2,500 per sq.ft, with no change observed from the previous revision. The most recent revision, effective from 1 July 2024, has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of +8% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by +350%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO, with a 2024 guideline value range from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the guideline value of Malligaipoo Colony 5th Street.

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

Stamp duty and registration fee for property in Malligaipoo Colony 5th 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, bringing the total to Rs 2,43,000. Please note that the 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 Malligaipoo Colony 5th Street?

The Sub Registrar Office that covers Malligaipoo Colony 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO online for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Malligaipoo Colony 5th Street?

The current guideline value of Malligaipoo Colony 5th 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, reflecting an overall increase of +350% over the years.

What is the stamp duty for properties in Malligaipoo Colony 5th Street?

The stamp duty for properties in Malligaipoo Colony 5th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Malligaipoo Colony 5th Street located?

The Sub Registrar Office for Malligaipoo Colony 5th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Malligaipoo Colony 5th Street?

Malligaipoo Colony 5th Street is classified as Residential Class III Type - II, according to the local land classification standards.