Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street)

₹8800/sq.ft.

The guideline value for Canal Bank Road(pmd Salai To Ra Puram 3rd Cross Street) 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Canal Bank Road(pmd Salai To Ra Puram 3rd Cross Street)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street) guideline value

The current guideline value for CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street) is Rs 8,800 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 III Type - III.

How the guideline value of CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street) has changed

In the 2012 revision, the guideline value was Rs 8,000 per sq.ft. This figure was then reduced to Rs 5,360 per sq.ft in the 2017 revision, representing a decrease of 33%. Following this, the value rose significantly to Rs 8,000 per sq.ft in the 2023 revision, and further increased by 10% to reach Rs 8,800 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 value among these streets is Rs 8,800 per sq.ft, which is equal to the current guideline value of CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street).

Stamp duty and registration fee for property in CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, bringing the total to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street)?

The Sub Registrar Office that covers CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross 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 plays a crucial role during the registration of property transactions in Mylapore. It is the basis for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street)?

The current guideline value for CANAL BANK ROAD(PMD Salai to RA Puram 3rd cross street) 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 seen several revisions, with the most recent increase of 10% from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the role of the Mylapore SRO?

The Mylapore SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Mylapore area. It ensures that all transactions are conducted according to the established guidelines.

How is stamp duty calculated for properties on CANAL BANK ROAD?

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

Where can I find more information about property registration in Mylapore?

For more information about property registration and to find your SRO, you can visit the Mylapore Sub Registrar Office or use the online resources available at the registration department's website.