Guideline Value for BISHOP WALLERS AVENUE WEST

Bishop Wallers Avenue West guideline value

The current guideline value of Bishop Wallers Avenue West is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Bishop Wallers Avenue West has changed

The guideline value for Bishop Wallers Avenue West has seen significant changes over the years. In 2002, the value was Rs 1,904 per sq.ft, which increased to Rs 2,115 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 2,800 per sq.ft in 2007, reflecting a growth of 32%. Following this, the value surged to Rs 15,000 per sq.ft in 2012, a remarkable increase of 436%. However, it decreased to Rs 10,050 per sq.ft in 2017, which was a decline of 33%. The value then increased to Rs 15,000 per sq.ft in 2023, and finally to Rs 16,500 per sq.ft in 2024, showing a rise of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 767%. There are no figures available for revisions in any other years for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in Mylapore is Rs 8,800 per sq.ft, positioning Bishop Wallers Avenue West above this median.

• Bishop Wallers Avenue South: Rs 16,500 per sq.ft (2024)
• Bishop Wallers Avenue East: Rs 16,500 per sq.ft (2024)
• Bishop Garden Street: Rs 25,300 per sq.ft (2024)
• Bishop Garden Extension: Rs 25,300 per sq.ft (2024)
• Boat Club Road: Rs 25,300 per sq.ft (2024)
• Boat Club Road 1st Avenue: Rs 25,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bishop Wallers Avenue West

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000. The stamp duty at 7% would amount to Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, leading to a total of Rs 14,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bishop Wallers Avenue West?

The Mylapore Sub Registrar Office covers Bishop Wallers Avenue West, 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 plays a crucial role during the registration of property transactions in Mylapore. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the costs associated with registration. Understanding this value can help in budgeting for the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Bishop Wallers Avenue West?

The current guideline value of Bishop Wallers Avenue West is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,904 per sq.ft in 2002 to Rs 16,500 per sq.ft in 2024, reflecting an overall increase of 767% over this period.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, with Bishop Wallers Avenue West's current value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,65,00,000, the stamp duty would be Rs 11,55,000, and the registration fee would be Rs 3,30,000, totaling Rs 14,85,000.

Where is the Sub Registrar Office located for this street?

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