Guideline Value for Malayappa Nagar

Malayappa Nagar guideline value

The current guideline value of Malayappa Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Malayappa Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent revision in 2024 has maintained the guideline value at Rs 300 per sq.ft, indicating no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent figure of Rs 300 per sq.ft from 2023 to 2024 reflects a stable valuation for this period.

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 for Malayappa Nagar is below this median.

• Malalippettai: Rs 1,005 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 Malayappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malayappa Nagar?

The Sub Registrar Office that covers Malayappa Nagar 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 property transactions within Thirukalukundrem A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Malayappa Nagar?

The current guideline value of Malayappa Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The value remained unchanged from 2023 to 2024, both recorded at Rs 300 per sq.ft.

What is the land classification of Malayappa Nagar?

Malayappa Nagar is classified as Residential Class V Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Malayappa Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 3,00,000, the total fees would be Rs 27,000.

Which office handles registrations for Malayappa Nagar?

The Thirukazhukundram Sub Registrar Office handles registrations for properties in Malayappa Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.