Guideline Value for Malalippettai

Malalippettai guideline value

The current guideline value of Malalippettai is Rs 1,005 per sq.ft, effective from 1 July 2024. This village falls under the Thirukazhukundram SRO and is classified as Mixed Type - II land.

How the guideline value of Malalippettai has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,005 per sq.ft, which is a 1% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Malalippettai is above this median.

• Malayappa Nagar: Rs 300 per sq.ft (2024)
• Mamallapuram Salai (Karuneekar Thottam): Rs 600 per sq.ft (2024)
• Mamallapuram Salai Payaniyar viduthi Muthal Kothimangalam Arampa Ellai varai: Rs 1,005 per sq.ft (2024)
• Mamallapuram Salai (Payaniyar viduthi varai): Rs 805 per sq.ft (2024)
• Mandapam Street: Rs 700 per sq.ft (2024)
• Mangalam Medu: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Malalippettai

For a 1,000 sq.ft plot at the current rate of Rs 1,005 per sq.ft, the guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, totaling Rs 90,450. 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 Malalippettai?

The Sub Registrar Office that covers Malalippettai 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 Thirukalukundrem A

The guideline value is a crucial factor in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Malalippettai?

The current guideline value of Malalippettai is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, which was Rs 670 per sq.ft, the guideline value has increased to Rs 1,005 per sq.ft in 2024, marking a 50% overall increase over this period.

What are the stamp duty rates for property in Malalippettai?

The stamp duty for property transactions in Malalippettai is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Which office handles property registrations in Malalippettai?

The Thirukazhukundram Sub Registrar Office handles property registrations in Malalippettai. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification of Malalippettai?

Malalippettai is classified as Mixed Type - II land, which may affect the types of developments allowed in the area.