Guideline Value for MAMALLAN ARTISTE VILLAGES

Mamallan Artiste Villages guideline value

The current guideline value of Mamallan Artiste Villages, located in Pyanoor village under the Thiruporur SRO, is Rs 275 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Mamallan Artiste Villages has changed

The guideline value for Mamallan Artiste Villages has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 250 per sq.ft in 2023, and currently stands at Rs 275 per sq.ft as per the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 50%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, or 2007 for this street.

Guideline values in Pyanoor

In Pyanoor, there are five streets that carry a guideline value for 2024, ranging from Rs 275 to Rs 495 per sq.ft. The median value among these streets is Rs 331 per sq.ft, placing Mamallan Artiste Villages below this median.

• Parvadhavardhini Nagar: Rs 440 per sq.ft (2024)
• Saraswathi Nagar Annex: Rs 495 per sq.ft (2024)
• Varsha Township Phase I: Rs 331 per sq.ft (2024)
• Varsha Township Phase II: Rs 331 per sq.ft (2024)

Stamp duty and registration fee for property in Mamallan Artiste Villages

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, while the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mamallan Artiste Villages?

The Mamallan Artiste Villages fall under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pyanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property sales. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, the guideline value ensures that the transaction is recorded at a standardized price, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to understand the guideline value to accurately estimate the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Mamallan Artiste Villages?

The current guideline value of Mamallan Artiste Villages is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and currently stands at Rs 275 per sq.ft in 2024.

What are the other streets in Pyanoor with guideline values?

Other streets in Pyanoor include Parvadhavardhini Nagar at Rs 440 per sq.ft, Saraswathi Nagar Annex at Rs 495 per sq.ft, and Varsha Township Phase I and II both at Rs 331 per sq.ft for 2024.

How is the stamp duty calculated for properties in Mamallan Artiste Villages?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 275 per sq.ft, the stamp duty would be Rs 19,250.

Where can I find the Sub Registrar Office for Mamallan Artiste Villages?

The Sub Registrar Office covering Mamallan Artiste Villages is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.