Guideline Value for BEGUM SAHIB 4TH LANE

Begum Sahib 4th Lane guideline value

The current guideline value of Begum Sahib 4th Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This lane is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - II.

How the guideline value of Begum Sahib 4th Lane has changed

The guideline value for Begum Sahib 4th Lane has seen significant changes over the years. In 2002, the value was Rs 595 per sq.ft, which increased to Rs 661 per sq.ft in 2003, marking an 11% increase. The value then rose to Rs 900 per sq.ft in 2007, a 36% increase from the previous revision. By 2012, the guideline value jumped to Rs 4,500 per sq.ft, reflecting a substantial 400% increase from 2007.

As of the 2024 revision, the guideline value stands at Rs 4,900 per sq.ft, which is a 9% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 724%. The register has no figures for the years 2017 and 2023 for this street.

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 in this area is Rs 8,800 per sq.ft, indicating that the 2024 figure for Begum Sahib 4th Lane is below this median.

• Begum Sahib 3rd Street: Rs 4,900 per sq.ft (2024)
• Begum Sahib 4th Street: Rs 4,900 per sq.ft (2024)
• Begum Sahib 3rd Lane: Rs 4,900 per sq.ft (2024)
• Begum Sahib 5th Lane: Rs 4,900 per sq.ft (2024)
• Begum Sahib 2nd Street: Rs 4,900 per sq.ft (2024)
• Begum Sahib 5th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Begum Sahib 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Begum Sahib 4th Lane?

The Sub Registrar Office that covers Begum Sahib 4th 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 plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to be aware of the guideline value, as it ensures that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should always check the latest guideline values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Begum Sahib 4th Lane?

The current guideline value of Begum Sahib 4th Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases from Rs 595 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 724% over this period.

What other streets have the same guideline value as Begum Sahib 4th Lane?

Other streets in Mylapore that share the same guideline value of Rs 4,900 per sq.ft in 2024 include Begum Sahib 3rd Street, Begum Sahib 4th Street, Begum Sahib 3rd Lane, Begum Sahib 5th Lane, Begum Sahib 2nd Street, and Begum Sahib 5th Street.

Where is the Mylapore Sub Registrar Office located?

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

How is stamp duty calculated for properties in Mylapore?

Stamp duty in Mylapore is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.