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Guideline Value

Corporate

Guideline Value for APPAVU KIRAMANI 4TH STREET (LANE)

₹8800/sq.ft.

The guideline value for Appavu Kiramani 4th 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 ₹5360 /sq.ft.
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 4th Street (lane)

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Appavu Kiramani 4th Street (Lane) guideline value

The current guideline value of Appavu Kiramani 4th Street (Lane) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Appavu Kiramani 4th Street (Lane) has changed

The guideline value for Appavu Kiramani 4th Street (Lane) has seen significant changes over the years. In 2002, the value was Rs 959 per sq.ft, which increased to Rs 1,066 per sq.ft in 2003, marking an 11% rise. The value continued to climb, reaching Rs 1,540 per sq.ft in 2007, which was a 44% increase from the previous year. By 2012, the value changed to Rs 8,000 per sq.ft, reflecting a substantial 419% increase from 2007. However, it then decreased to Rs 5,360 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 8,000 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, which is a 10% increase from the previous year. 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 carrying a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, which is equal to the current guideline value of Appavu Kiramani 4th Street (Lane).

Stamp duty and registration fee for property in Appavu Kiramani 4th Street (Lane)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making the total charges Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Appavu Kiramani 4th Street (Lane)?

The Sub Registrar Office that covers Appavu Kiramani 4th 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 information.

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

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

When buying or selling a property, the guideline value helps both the buyer and seller understand the value of the property in the context of local market conditions. It is essential for both parties to be aware of the current guideline value to ensure a fair transaction.

Frequently asked questions

What is the current guideline value of Appavu Kiramani 4th Street (Lane)?

The current guideline value of Appavu Kiramani 4th 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 increased from Rs 959 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 818%.

What are the other streets in Mylapore with the same guideline value?

Other streets in Mylapore with the same guideline value of Rs 8,800 per sq.ft include Appavu Kiramani 1st, 2nd, and 3rd Streets, as well as Appu Mudali 1st, 2nd, and main Lane.

What is the stamp duty rate for property in Appavu Kiramani 4th Street (Lane)?

The stamp duty rate for property transactions in Appavu Kiramani 4th Street (Lane) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Appavu Kiramani 4th Street (Lane)?

The Sub Registrar Office for Appavu Kiramani 4th Street (Lane) is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.