Guideline Value for Mallika Garden

Mallika Garden guideline value

The current guideline value of Mallika Garden, located in Vilangadupakkam village under the Redhills SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Mallika Garden has changed

The guideline value for Mallika Garden has remained consistent over several revisions. The 2017 revision recorded a guideline value of Rs 1,200 per sq.ft, which was maintained in the 2023 revision and continues into the 2024 revision, showing no change from the previous years. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 1,200 per sq.ft across these years. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also show a consistent value with a change of +0%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median of Rs 440 per sq.ft. The guideline value for Mallika Garden is above this median, indicating a higher valuation compared to many other streets in the village.

• Lucky Star City: Rs 440 per sq.ft (2024)
• M.K.R. Nagar: Rs 550 per sq.ft (2024)
• Kumaran Nagar: Rs 550 per sq.ft (2024)
• K.J. Nagar: Rs 440 per sq.ft (2024)
• K.C.P. Nagar: Rs 440 per sq.ft (2024)
• New Anna Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Mallika Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. 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 information on fees.

Which Sub Registrar Office covers Mallika Garden?

The Sub Registrar Office that covers Mallika Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Vilangadupakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and accurate financial planning.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs in the buying and selling process. Therefore, understanding the guideline value helps both parties in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Mallika Garden?

The current guideline value of Mallika Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for Mallika Garden?

The stamp duty for a property in Mallika Garden is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,08,000.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Mallika Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Mallika Garden?

Mallika Garden is classified as Residential Special Type - III, indicating its suitability for residential development within the area.