Guideline Value for Malanganandapuram 2nd Street

Malanganandapuram 2nd Street guideline value

The current guideline value of Malanganandapuram 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Malanganandapuram 2nd Street has changed

The guideline value for Malanganandapuram 2nd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 251%. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, reflecting an increase of 400%. However, between 2012 and 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The guideline value then rose substantially to Rs 3,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,830%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Malanganandapuram 2nd Street.

• Malanganandapuram 1st Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 3rd Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 4th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 5th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Malanganandapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malanganandapuram 2nd Street?

The Sub Registrar Office that covers Malanganandapuram 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two values. This ensures that the registration fees reflect the market value of the property being transferred.

Frequently asked questions

What is the current guideline value of Malanganandapuram 2nd Street?

The current guideline value of Malanganandapuram 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly from Rs 171 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,830%.

What is the classification of land in Malanganandapuram 2nd Street?

Malanganandapuram 2nd Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Malanganandapuram 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for property in this street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.