Guideline Value for Malliamma Street

Malliamma Street guideline value

The current guideline value of Malliamma Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Malliamma Street has changed

The guideline value for Malliamma Street has seen significant changes over the years. In 2003, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,340 per sq.ft, followed by an increase to Rs 2,000 per sq.ft in 2023. The current value of Rs 2,200 per sq.ft in 2024 reflects a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 605%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing Malliamma Street's 2024 figure below this median.

• Mani Street: Rs 2,420 per sq.ft (2024)
• Maduravoyal Bye Pass Road - Service Road: Rs 2,200 per sq.ft (2024)
• Maduappar 3rd Street: Rs 2,420 per sq.ft (2024)
• Maduappar 2nd Street: Rs 2,420 per sq.ft (2024)
• Maduappar 1st Street: Rs 2,420 per sq.ft (2024)
• Lal Bahadur Sastri Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Malliamma Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malliamma Street?

Malliamma Street falls under the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thiruneermalai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. This value helps in determining the costs associated with the sale, including taxes and fees that are mandatory at the time of registration.

Frequently asked questions

What is the current guideline value of Malliamma Street?

The current guideline value of Malliamma Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 605% over this period.

What are the stamp duty and registration fees for property in Malliamma Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Malliamma Street?

The Pammal Sub Registrar Office handles registrations for Malliamma Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Malliamma Street?

Malliamma Street is classified as Residential Class I Type - II, indicating its intended use for residential purposes.