Guideline Value for Malliyankaranai Madura Manikanatham

Malliyankaranai Madura Manikanatham guideline value

The current guideline value of Malliyankaranai Madura Manikanatham is Rs 250 per sq.ft, effective from 1 July 2024. This village falls under the Uthiramerur SRO and is classified as Residential Class I Type - I.

How the guideline value of Malliyankaranai Madura Manikanatham has changed

The guideline value for Malliyankaranai Madura Manikanatham has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was a decrease of 33% from the previous 2017 revision figure of Rs 167 per sq.ft. The 2023 revision maintained the value at Rs 250 per sq.ft, and the current 2024 revision also holds the same value, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 250 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value for Malliyankaranai Madura Manikanatham is below this median.

• Malliyankaranai: Rs 200 per sq.ft (2024)
• Mahendra Avenu: Rs 250 per sq.ft (2024)
• Magendira Nagar: Rs 401 per sq.ft (2024)
• Krishna Nagar: Rs 250 per sq.ft (2024)
• Kg Rakesh Nagar: Rs 402 per sq.ft (2024)
• Nallur Kezhandi Sreet: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Malliyankaranai Madura Manikanatham

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which equals Rs 17,500, and the registration fee is charged at 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fees together is Rs 22,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Malliyankaranai Madura Manikanatham?

The Sub Registrar Office that covers Malliyankaranai Madura Manikanatham 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 Malliyankaranai

The guideline value is a crucial factor during the registration of property transactions in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures transparency and consistency in the valuation process. It helps both buyers and sellers understand the financial obligations associated with the transaction, as the duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Malliyankaranai Madura Manikanatham?

The current guideline value of Malliyankaranai Madura Manikanatham is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the 2012 figure at Rs 250 per sq.ft, a decrease to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Malliyankaranai?

Other streets in Malliyankaranai have varying guideline values, ranging from Rs 200 to Rs 603 per sq.ft, with the median value being Rs 401 per sq.ft.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 22,500.

Which office handles registrations for Malliyankaranai Madura Manikanatham?

The Uthiramerur Sub Registrar Office handles registrations for Malliyankaranai Madura Manikanatham, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.