Guideline Value for Mullai Malli Crosst st

Mullai Malli Crosst st guideline value

The current guideline value of Mullai Malli Crosst st is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Mullai Malli Crosst st has changed

The guideline value for Mullai Malli Crosst st has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,320 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, and there was a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, and Mullai Malli Crosst st's 2024 figure is below that median.

• Mullai Nagar 1ST: Rs 1,100 per sq.ft (2024)
• Mullai Nagar 2ST: Rs 1,100 per sq.ft (2024)
• Mullai Nagar 3ST: Rs 1,100 per sq.ft (2024)
• Mullai Street: Rs 1,320 per sq.ft (2024)
• Moonu Aadhi Street: Rs 1,320 per sq.ft (2024)
• Murugan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai Malli Crosst st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 details.

Which Sub Registrar Office covers Mullai Malli Crosst st?

The Sub Registrar Office that covers Mullai Malli Crosst st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration authority uses the guideline value to calculate the applicable duties, which can affect the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mullai Malli Crosst st?

The current guideline value of Mullai Malli Crosst st is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Mullai Malli Crosst st?

For a 1,000 sq.ft plot, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Mullai Malli Crosst st?

The Tambaram Joint 1 Sub Registrar Office covers Mullai Malli Crosst st, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Mullai Malli Crosst st?

The land classification for Mullai Malli Crosst st is Residential Class I Type - III.