Guideline Value for Malai Koil Street

Malai Koil Street guideline value

The current guideline value of Malai Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III land.

How the guideline value of Malai Koil Street has changed

The guideline value for Malai Koil Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which recorded a value of Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for Malai Koil Street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Malai Koil Street's 2024 figure above that median.

• Malaiyadivaram Kulakarai: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Murugan Koil: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Natham: Rs 1,760 per sq.ft (2024)
• Makizham Enclave Phase - I: Rs 1,760 per sq.ft (2024)
• Manickam Nagar: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Malai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malai Koil Street?

The Sub Registrar Office that covers Malai Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property and is essential for legal documentation. Buyers should be aware that the guideline value may influence their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Malai Koil Street?

The current guideline value of Malai Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is a total increase of 64% over the years.

What is the land classification for Malai Koil Street?

Malai Koil Street is classified as Mixed Special Type - III land, which may influence its usage and development potential.

Where can I find the registration office for Malai Koil Street?

The registration office for Malai Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kunrathour-B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at a rate of 7%.