Guideline Value for Malanganandapuram 7th Street

Malanganandapuram 7th Street guideline value

The current guideline value of Malanganandapuram 7th 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 7th Street has changed

The guideline value for Malanganandapuram 7th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +251%. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, a substantial increase of +400%. However, it dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of -33%. The value rebounded to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a +10% change from the previous year.

It is important to note that there is no figure available for Malanganandapuram 7th Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by +1830%.

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 is Rs 3,300 per sq.ft, which is equal to the current guideline value of Malanganandapuram 7th Street.

• Malanganandapuram 6th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 8th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 5th Street: Rs 3,300 per sq.ft (2024)
• Malanganathapuram 9th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 4th Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Malanganandapuram 7th 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malanganandapuram 7th Street?

The Sub Registrar Office that covers Malanganandapuram 7th 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 information.

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

The guideline value is a critical factor in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value is established by the government and is subject to periodic revisions, reflecting changes in the real estate market.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Malanganandapuram 7th Street?

The current guideline value of Malanganandapuram 7th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +1830% over the years.

What is the land classification for Malanganandapuram 7th Street?

Malanganandapuram 7th Street is classified as Residential Class I Type - II.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Malanganandapuram 7th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000.