Guideline Value for Malaiyala Street

Malaiyala Street guideline value

The current guideline value of Malaiyala Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Malaiyala Street has changed

The guideline value for Malaiyala Street has seen significant changes over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 275%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The value then increased to Rs 1,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, representing a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. It is noteworthy that the register has no figures for Malaiyala Street for the years 2002 and 2003.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Malaiyala Street's 2024 figure above this median.

• Makaliyamman Koil Street: Rs 880 per sq.ft (2024)
• Lakshmi Nagar: Rs 880 per sq.ft (2024)
• Mettu Kammal Street: Rs 880 per sq.ft (2024)
• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Kumaran Nagar: Rs 880 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Malaiyala Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malaiyala Street?

The Sub Registrar Office that covers Malaiyala Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate the costs associated with the property transaction.

When registering a property, the guideline value is considered to ascertain the financial obligations of the buyer. It is essential to consult the latest guideline values to understand the potential costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Malaiyala Street?

The current guideline value of Malaiyala Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What are the other streets in Ist Division with their guideline values?

Other streets in Ist Division include Makaliyamman Koil Street, Lakshmi Nagar, Mettu Kammal Street, Mettupalayam Street, Kumaran Nagar, and Krishnasamy Street, with values ranging from Rs 880 to Rs 1,100 per sq.ft in 2024.

What is the registration fee for a property in Malaiyala Street?

The registration fee for a property in Malaiyala Street is calculated based on the guideline value. For a property valued at Rs 16,50,000, the registration fee would be Rs 33,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Malaiyala Street?

The Sub Registrar Office for Malaiyala Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.