Guideline Value for Malleeswara Koil Street

Malleeswara Koil Street guideline value

The current guideline value of Malleeswara Koil Street is Rs 250 per sq.ft. This street is located in Karasangal village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Malleeswara Koil Street has changed

The guideline value for Malleeswara Koil Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 250 per sq.ft. In 2017, the value decreased to Rs 167 per sq.ft, marking a 33% drop. However, this was followed by a significant increase of 50% in the 2023 revision, bringing the value back to Rs 250 per sq.ft. The current 2024 revision maintains this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Malleeswara Koil Street's current value below this median.

• Manthaveli Amman Koil Street: Rs 250 per sq.ft (2024)
• LookMan Nagar: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Lakshmana Narayana Perumal Koil Street: Rs 250 per sq.ft (2024)
• M.G.R. Street: Rs 402 per sq.ft (2024)
• Modern Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Malleeswara Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to 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 Malleeswara Koil Street?

The Malleeswara Koil Street is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Malleeswara Koil Street?

The current guideline value of Malleeswara Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the median guideline value for streets in Karasangal?

The median guideline value for streets in Karasangal is Rs 402 per sq.ft, which is higher than the current value of Malleeswara Koil Street.

What fees are associated with buying property in Malleeswara Koil Street?

When purchasing property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Malleeswara Koil Street?

The registration for Malleeswara Koil Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.