Guideline Value for BAGIRATHI AMMAL STREET

Bagirathi Ammal Street guideline value

The current guideline value of Bagirathi Ammal Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - III.

How the guideline value of Bagirathi Ammal Street has changed

The guideline value for Bagirathi Ammal Street has seen significant changes over the years. In 2002, the value was Rs 907 per sq.ft, which increased to Rs 1,008 per sq.ft in 2003, marking an 11% rise. The value further rose to Rs 1,540 per sq.ft in 2007, reflecting a 53% increase. By 2012, the value jumped to Rs 10,500 per sq.ft, a remarkable 582% increase from 2007. However, in 2017, the value decreased to Rs 7,035 per sq.ft, which was a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, showing a substantial increase of 63% from 2017.

It is important to note that there is no figure available for the year 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1168%, reflecting the changes in the real estate landscape over the years.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Bagirathi Ammal Street's current value above this median.

• Bakthavachalam Salai (Warran Road): Rs 13,200 per sq.ft (2024)
• Balaiah Avenue: Rs 13,200 per sq.ft (2024)
• Avvai Nagar West/South/Beach Road: Rs 3,300 per sq.ft (2024)
• Avvai Nagar (Srinivasapuram): Rs 4,900 per sq.ft (2024)
• Athiyappan Street: Rs 7,100 per sq.ft (2024)
• Balaji Nagar 1st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bagirathi Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagirathi Ammal Street?

The Sub Registrar Office that covers Bagirathi Ammal Street 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 when buying or selling property in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official value set by the government.

When a property transaction occurs, the guideline value will be compared to the sale price. The higher of the two will be used to determine the applicable duties and fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Bagirathi Ammal Street?

The current guideline value of Bagirathi Ammal Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 907 per sq.ft in 2002 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 1168% over the years.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, and Bagirathi Ammal Street's current value is above this median.

What are the stamp duty and registration fees for properties in Bagirathi Ammal Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 10,35,000.

Where is the Sub Registrar Office for Bagirathi Ammal Street located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.