Guideline Value for Maleeswarar Koil street south

Maleeswarar Koil street south guideline value

The current guideline value for Maleeswarar Koil street south is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Maleeswarar Koil street south has changed

Over the years, the guideline value for Maleeswarar Koil street south has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which then increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase.

It is important to note that the register has no figures for Maleeswarar Koil street south for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 227%.

Guideline values in Muthialpet

Muthialpet village has a total of 160 streets under the Chennai North Joint I SRO, with guideline values ranging from Rs 3,800 to Rs 18,000 per sq.ft as of 2024. The median guideline value in this area is Rs 5,500 per sq.ft, placing Maleeswarar Koil street south below this median.

• Maleeswarar Koil street north: Rs 4,900 per sq.ft (2024)
• Maleeswarar Pillar street *: Rs 4,900 per sq.ft (2024)
• Malayappan street: Rs 14,800 per sq.ft (2024)
• Mannady street: Rs 14,800 per sq.ft (2024)
• Maglene street: Rs 4,900 per sq.ft (2024)
• Maracoir street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Maleeswarar Koil street south

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maleeswarar Koil street south?

The Sub Registrar Office that covers Maleeswarar Koil street south is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Muthialpet. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Maleeswarar Koil street south?

The current guideline value for Maleeswarar Koil street south is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 227%.

What is the land classification for Maleeswarar Koil street south?

The land classification for Maleeswarar Koil street south is Residential Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for Maleeswarar Koil street south?

The Chennai North Joint I Sub Registrar Office handles property registrations for Maleeswarar Koil street south, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.