Guideline Value for Malligai Street

Malligai Street guideline value

The current guideline value of Malligai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Malligai Street has changed

The guideline value for Malligai Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which was subsequently increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, indicating that Malligai Street's 2024 value is below this median.

• Mailamani 3rd Street: Rs 1,100 per sq.ft (2024)
• Mailamani 2nd Street: Rs 1,100 per sq.ft (2024)
• Mailamani 1st Street: Rs 1,100 per sq.ft (2024)
• Mailai Guruji Street: Rs 1,100 per sq.ft (2024)
• Manonmani Street: Rs 1,100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Malligai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Malligai Street?

The Sub Registrar Office that covers Malligai Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and the seller. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Malligai Street?

The current guideline value of Malligai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is a total increase of 64% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers the area of Malligai Street?

The Pammal Sub Registrar Office covers Malligai Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Malligai Street?

Malligai Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.