Guideline Value for Molakkalamman Koil Street

Molakkalamman Koil Street guideline value

The current guideline value of Molakkalamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Molakkalamman Koil Street has changed

The guideline value for Molakkalamman Koil Street has remained consistent at Rs 400 per sq.ft since the 2023 revision, which also recorded the same value. Prior to this, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, from the 2023 revision to the 2024 revision, there has been no change, with a recorded increase of +0%. The guideline value has been stable at Rs 400 per sq.ft for these two revisions.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Molakkalamman Koil Street.

• Murugan Nagar: Rs 400 per sq.ft (2024)
• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 400 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• National Highway Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Molakkalamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Molakkalamman Koil Street?

The Sub Registrar Office that covers Molakkalamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration of property transactions in Vallam_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When you buy or sell property, the guideline value helps determine the costs associated with the transaction. It is crucial to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Molakkalamman Koil Street?

The current guideline value of Molakkalamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Molakkalamman Koil Street?

Molakkalamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Molakkalamman Koil Street?

The Sub Registrar Office for Molakkalamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.