Guideline Value for Malliyankaranai

Malliyankaranai guideline value

The current guideline value of Malliyankaranai is Rs 700 per sq.ft, effective from 1 July 2024. This value is applicable in Uthiramerur village, under the Uthiramerur SRO, classified as Residential Class III Type - I.

How the guideline value of Malliyankaranai has changed

Over the years, the guideline value of Malliyankaranai has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 469 per sq.ft. The 2023 revision maintained the value at Rs 700 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The drastic increase from 2007 to 2012 was 600%, while the value dropped by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 600%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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. The median guideline value for these streets is Rs 800 per sq.ft, placing Malliyankaranai's 2024 figure below that median.

• Malligapuram Suppan Street: Rs 350 per sq.ft (2024)
• 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)
• Mallicheri: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Malliyankaranai

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. Please 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 more details.

Which Sub Registrar Office covers Malliyankaranai?

The Sub Registrar Office covering 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 Uthiramerur

The guideline value is a crucial factor in property transactions in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Malliyankaranai?

The current guideline value of Malliyankaranai is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then dropping to Rs 469 per sq.ft in 2017, and returning to Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with Malliyankaranai's current value being below this median.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Malliyankaranai?

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