Guideline Value for Malligapuram 4th Street

Malligapuram 4th Street guideline value

The current guideline value of Malligapuram 4th Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Malligapuram 4th Street has changed

Over the years, the guideline value for Malligapuram 4th Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017. The guideline value remained at Rs 350 per sq.ft in both 2023 and the latest revision in 2024, indicating no change from the previous year. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 250%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 50% from 2017 to 2023, and remained unchanged from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft as of 2024. The median guideline value for these streets is Rs 800 per sq.ft, placing Malligapuram 4th Street's value below this median.

• malligapuram 3rd Street: Rs 350 per sq.ft (2024)
• Malligapuram Suppan Street: Rs 350 per sq.ft (2024)
• Malligapuram 2nd Street: Rs 350 per sq.ft (2024)
• Malligapuram 1st Street: Rs 350 per sq.ft (2024)
• Malliyankaranai: Rs 700 per sq.ft (2024)
• Mallicheri: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Malligapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total fees Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for additional calculations.

Which Sub Registrar Office covers Malligapuram 4th Street?

The Sub Registrar Office that covers Malligapuram 4th Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthiramerur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction process.

When a property is sold, the guideline value serves as a reference point for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower, the duty is based on the guideline value.

Frequently asked questions

What is the current guideline value of Malligapuram 4th Street?

The current guideline value of Malligapuram 4th Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 100 per sq.ft in 2007, increasing to Rs 350 per sq.ft in 2012, then decreasing to Rs 234 per sq.ft in 2017, and remaining at Rs 350 per sq.ft in both 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value for the 180 streets in Uthiramerur is Rs 800 per sq.ft, with Malligapuram 4th Street's value being below this median.

What are the stamp duty rates for properties in Malligapuram 4th Street?

The stamp duty for properties in Malligapuram 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Malligapuram 4th Street?

The Sub Registrar Office for Malligapuram 4th Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.