Guideline Value for PRAKASH PARK .. MALINI GARDEN

Prakash Park .. Malini Garden guideline value

The current guideline value for Prakash Park .. Malini Garden is Rs 200 per sq.ft. This property is located in Vilvarayanalloor village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Prakash Park .. Malini Garden has changed

The guideline value for Prakash Park .. Malini Garden has undergone several revisions over the years. The register shows that in 2012, the guideline value was Rs 200 per sq.ft, which then changed to Rs 134 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Prakash Park .. Malini Garden is equal to this median.

• Poonguzhali Amman Nagar: Rs 200 per sq.ft (2024)
• Ramalingam Nagar: Rs 200 per sq.ft (2024)
• Mullai Nagar II: Rs 200 per sq.ft (2024)
• Mullai Nagar Extension -III: Rs 200 per sq.ft (2024)
• Mullai Nagar: Rs 200 per sq.ft (2024)
• Malligai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Prakash Park .. Malini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prakash Park .. Malini Garden?

The Sub Registrar Office that covers Prakash Park .. Malini Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Vilvarayanalloor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Prakash Park .. Malini Garden?

The current guideline value for Prakash Park .. Malini Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

What is the land classification for Prakash Park .. Malini Garden?

The land classification for Prakash Park .. Malini Garden is Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Madurandakam Sub Registrar Office?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vilvarayanalloor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.