Guideline Value for Malleeswarar Koil Street

Malleeswarar Koil Street guideline value

The current guideline value of Malleeswarar Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Malleeswarar Koil Street has changed

The guideline value for Malleeswarar Koil Street has undergone several revisions over the years. The 2007 revision set the value at Rs 436 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, the value then decreased to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision.

From the 2017 to 2023 revision, there was a notable increase of 49%. The overall change from the 2007 revision to the current 2024 figure is an increase of 244%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the current guideline value of Malleeswarar Koil Street.

• Manigandapuram: Rs 1,500 per sq.ft (2024)
• Mahalakshmi Nagar Extn.VII to VII A: Rs 2,000 per sq.ft (2024)
• Mahalakshmi Nagar Extn.I to VI: Rs 2,000 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Maruthi Nagar: Rs 1,500 per sq.ft (2024)
• MasoothiStreet: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Malleeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malleeswarar Koil Street?

The Sub Registrar Office that covers Malleeswarar Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Malleeswarar Koil Street?

The current guideline value of Malleeswarar Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 436 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Malleeswarar Koil Street?

Malleeswarar Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Malleeswarar Koil Street?

The registration office for Malleeswarar Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nandhivaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at a rate of 7%.