Guideline Value for SREE MALLINATHAN NAGAR

Sree Mallinathan Nagar guideline value

The current guideline value of Sree Mallinathan Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sree Mallinathan Nagar has changed

The guideline value for Sree Mallinathan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 90 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then dropped to Rs 335 per sq.ft in 2017. The 2023 revision maintained the value at Rs 500 per sq.ft, and this value remains unchanged in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 456%. The revisions for 2002 and 2003 do not have figures listed for this street.

Guideline values in Athur B Block

Athur B Block comprises 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Sree Mallinathan Nagar's current value below this median.

• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Ajith Avenue: Rs 1,000 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Mallinathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, the total cost for stamp duty and registration would be Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Mallinathan Nagar?

Sree Mallinathan Nagar is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is crucial during property transactions in Athur B Block as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers need to pay when acquiring property.

When selling property, the guideline value serves as a benchmark for pricing, ensuring that the transaction is compliant with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value for Sree Mallinathan Nagar?

The current guideline value for Sree Mallinathan Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, increasing from Rs 90 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropping to Rs 335 per sq.ft in 2017, and remaining at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, with Sree Mallinathan Nagar's current value being below this median.

What are the stamp duty and registration fees for properties in Sree Mallinathan Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. This is calculated based on the guideline value.

Which office handles registrations for Sree Mallinathan Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Sree Mallinathan Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.