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Guideline Value

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Guideline Value for APPAVU KIRAMANI 1ST STREET (LANE)

₹8800/sq.ft.

The guideline value for Appavu Kiramani 1st Street (lane) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1540 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1066 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹959 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Appavu Kiramani 1st Street (lane)

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Appavu Kiramani 1st Street (Lane) guideline value

The current guideline value of Appavu Kiramani 1st Street (Lane) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the jurisdiction of the Mylapore SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Appavu Kiramani 1st Street (Lane) has changed

The guideline value for Appavu Kiramani 1st Street (Lane) has seen several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 959 per sq.ft. This increased to Rs 1,066 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose significantly to Rs 1,540 per sq.ft, reflecting a 44% increase. The value remained stable at Rs 8,000 per sq.ft from 2012 until 2023, with no change during this period.

In 2023, the guideline value was revised to Rs 8,000 per sq.ft, and then increased to Rs 8,800 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 818%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is equal to the 2024 figure for Appavu Kiramani 1st Street (Lane).

Stamp duty and registration fee for property in Appavu Kiramani 1st Street (Lane)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty, charged at 7%, would amount to Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. The total cost for stamp duty and registration would be Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appavu Kiramani 1st Street (Lane)?

The Sub Registrar Office that covers Appavu Kiramani 1st Street (Lane) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value helps establish the official value of the property, which is used to calculate the applicable taxes and fees. This process ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Appavu Kiramani 1st Street (Lane)?

The current guideline value of Appavu Kiramani 1st Street (Lane) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 959 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 818% over this period.

What is the land classification for Appavu Kiramani 1st Street (Lane)?

The land classification for Appavu Kiramani 1st Street (Lane) is Residential Class III Type - III.

Which Sub Registrar Office covers this street?

The Mylapore Sub Registrar Office covers Appavu Kiramani 1st Street (Lane), located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at a rate of 7%.