Guideline Value for MAMALLAN STATELLITE TOWN

Mamallan Statellite Town guideline value

The current guideline value of Mamallan Statellite Town is Rs 900 per sq.ft, effective from 1 July 2024. This area falls under Pulikundram village and is governed by the Thirukazhukundram SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Mamallan Statellite Town has changed

The guideline value for Mamallan Statellite Town has remained consistent at Rs 900 per sq.ft from the 2023 revision to the 2024 revision, showing no change in value. Prior to this, the register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision maintains the same guideline value as the previous year, indicating stability in the valuation for this locality. The absence of figures in earlier revisions suggests that the guideline value may not have been established for Mamallan Statellite Town until the 2023 revision.

Guideline values in Pulikundram

Currently, there are no specific guideline values provided for other streets in Pulikundram under the Thirukazhukundram SRO. Therefore, Mamallan Statellite Town stands alone in this context.

Stamp duty and registration fee for property in Mamallan Statellite Town

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mamallan Statellite Town?

The Sub Registrar Office that covers Mamallan Statellite Town is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Mamallan Statellite Town, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is essential as it ensures that the fees are calculated based on a standardized assessment of property worth.

The guideline value serves as a reference point for both buyers and sellers, helping them understand the financial obligations involved in property transactions. It is important to ensure that the property is registered at the appropriate guideline value to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Mamallan Statellite Town?

The current guideline value of Mamallan Statellite Town is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Mamallan Statellite Town?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Mamallan Statellite Town?

The Thirukazhukundram Sub Registrar Office covers Mamallan Statellite Town, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees during property transactions. It provides a standardized assessment of property value for legal and financial purposes.