Guideline Value for MALLIGAIPOO COLONY MAIN ROAD

Malligaipoo Colony Main Road guideline value

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

How the guideline value of Malligaipoo Colony Main Road has changed

Since the 2007 revision, the guideline value has seen significant increases. In 2007, the guideline value was Rs 600 per sq.ft, which rose to Rs 2,500 per sq.ft in the 2012 revision, marking a substantial increase of 317%. The latest revision in 2024 has set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging 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 is equal to the 2024 figure for Malligaipoo Colony Main Road.

• Malligaipoo Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 4th Street: 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty, charged at 7%, would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malligaipoo Colony Main Road?

The Sub Registrar Office that covers Malligaipoo Colony Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented accurately according to the current valuation standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Malligaipoo Colony Main Road?

The current guideline value of Malligaipoo Colony Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,700 per sq.ft in 2024, marking a total increase of 350% overall.

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

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

Which Sub Registrar Office handles registrations for Malligaipoo Colony Main Road?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Malligaipoo Colony Main Road.

Are there other streets with the same guideline value in Perambur?

Yes, several other streets in Perambur have the same guideline value of Rs 2,700 per sq.ft, including Malligaipoo Colony 1st, 2nd, 3rd, 4th, and 5th Streets, as well as Malligai Poo Colony.