Guideline Value for Maliyangaranai Madhura Manikka Naththam

Maliyangaranai Madhura Manikka Naththam guideline value

The current guideline value of Maliyangaranai Madhura Manikka Naththam is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Maliyangaranai Madhura Manikka Naththam has changed

The guideline value for Maliyangaranai Madhura Manikka Naththam has seen several revisions over the years. The 2007 revision set the value at Rs 50 per sq.ft, which increased dramatically to Rs 700 per sq.ft in the 2012 revision, marking an increase of 1300%. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft, a decline of 33%. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 1300%, reflecting significant changes over the years. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values for 2024 ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, positioning Maliyangaranai Madhura Manikka Naththam below this median. Here are some other streets in Uthiramerur:

• Malayametu Street: Rs 1,000 per sq.ft (2024)
• Mallicheri: Rs 250 per sq.ft (2024)
• Malligapuram 1st Street: Rs 350 per sq.ft (2024)
• Malligapuram 2nd Street: Rs 350 per sq.ft (2024)
• Malligapuram 3rd Street: Rs 350 per sq.ft (2024)
• Malligapuram 4th Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Maliyangaranai Madhura Manikka Naththam

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maliyangaranai Madhura Manikka Naththam?

The Maliyangaranai Madhura Manikka Naththam property falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find more information by visiting find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Uthiramerur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. This ensures that all transactions are recorded at a fair value, preventing undervaluation and ensuring proper taxation.

Frequently asked questions

What is the current guideline value of Maliyangaranai Madhura Manikka Naththam?

The current guideline value of Maliyangaranai Madhura Manikka Naththam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 50 per sq.ft in 2007, increasing to Rs 700 in 2012, then decreasing to Rs 469 in 2017, and remaining at Rs 700 in both 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with Maliyangaranai Madhura Manikka Naththam's value being below this median.

What are the stamp duty rates applicable?

The stamp duty rate is set at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies to property transactions.

Where can I find the Sub Registrar Office for Maliyangaranai Madhura Manikka Naththam?

The Uthiramerur Sub Registrar Office covers Maliyangaranai Madhura Manikka Naththam, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.