Guideline Value for Malliyankaranai

Malliyankaranai guideline value

The current guideline value of Malliyankaranai is Rs 200 per sq.ft, effective from 1 July 2024. This village falls under the Uthiramerur SRO and is classified as Residential Class II Type - I.

How the guideline value of Malliyankaranai has changed

The guideline value for Malliyankaranai has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a change of -33% from the 2012 figure. In the latest 2024 revision, the value returned to Rs 200 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median value is Rs 401 per sq.ft, placing the current guideline value of this street below the median.

• Malliyankaranai Madura Manikanatham: Rs 250 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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malliyankaranai?

The Sub Registrar Office that covers Malliyankaranai 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 plays a crucial role in property transactions in Malliyankaranai. It is used to determine the stamp duty and registration fees during the sale or purchase of property. This value is essential for ensuring that the correct fees are applied based on the value of the property being registered.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It ensures transparency and consistency in the registration process, helping both buyers and sellers understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value in Malliyankaranai?

The current guideline value in Malliyankaranai is Rs 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 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2017 revision was Rs 134 per sq.ft.

What is the land classification for Malliyankaranai?

Malliyankaranai is classified as Residential Class II Type - I, indicating its suitability for residential development.

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 in Malliyankaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.