Guideline Value for Malligapuram Suppan Street

Malligapuram Suppan Street guideline value

The current guideline value of Malligapuram Suppan 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 Suppan Street has changed

The guideline value for Malligapuram Suppan Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012, marking a 250% rise. However, in 2017, the value decreased to Rs 234 per sq.ft, a drop of 33%. The value remained at Rs 350 per sq.ft in both 2023 and 2024, indicating no change between these two revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 250%, reflecting the changes over the years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Malligapuram Suppan Street's 2024 guideline value is below this median.

• Malligapuram 4th Street: Rs 350 per sq.ft (2024)
• Malligapuram 3rd 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 Suppan 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, bringing the total to Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malligapuram Suppan Street?

The Sub Registrar Office that covers Malligapuram Suppan 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring compliance with local regulations during property transactions. It also aids in making informed decisions regarding property purchases and sales in the area.

Frequently asked questions

What is the current guideline value of Malligapuram Suppan Street?

The current guideline value of Malligapuram Suppan 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 changed from Rs 100 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and has remained at Rs 350 per sq.ft in 2023 and 2024.

What is the land classification for Malligapuram Suppan Street?

Malligapuram Suppan Street is classified as Residential Class IV Type - I.

Where can I find the Uthiramerur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft incurs a stamp duty of Rs 24,500.