Guideline Value for MALROSAPURAM (CHEN)

Malrosapuram (Chen) guideline value

The current guideline value for Malrosapuram (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Malrosapuram (Chen) has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Malrosapuram (Chen).

• Malleswaran Nagar (Chen): Rs 880 per sq.ft (2024)
• Malaimedu (Chen): Rs 660 per sq.ft (2024)
• Mariyamman Koil Street (Chen): Rs 660 per sq.ft (2024)
• Maga Ganapathi Nagar (Chen): Rs 880 per sq.ft (2024)
• Maruthi Nagar (Chen): Rs 880 per sq.ft (2024)
• Meenatchipuram (Chen): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Malrosapuram (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malrosapuram (Chen)?

The Sub Registrar Office covering Malrosapuram (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is essential when buying or selling property in Sengundram - 1, as it determines the minimum price at which the property can be registered. It is used to calculate the stamp duty and registration fees that must be paid during the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price; however, the stamp duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Malrosapuram (Chen)?

The current guideline value of Malrosapuram (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Malrosapuram (Chen)?

Malrosapuram (Chen) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 8,80,000 would incur a total of Rs 79,200 in fees.

Where is the Sub Registrar Office located for Malrosapuram (Chen)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.