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Guideline Value

Corporate

Guideline Value for CANAL BANK ROAD(RA Puram)

₹8800/sq.ft.

The guideline value for Canal Bank Road(ra Puram) 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(ra Puram)

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CANAL BANK ROAD(RA Puram) guideline value

The current guideline value of CANAL BANK ROAD(RA Puram) is Rs 8,800 per sq.ft, effective from 1 July 2024. This property 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(RA Puram) has changed

The guideline value for CANAL BANK ROAD(RA Puram) has seen several revisions over the years. In 2012, the value was Rs 8,000 per sq.ft, which decreased to Rs 5,360 per sq.ft in 2017. Following this, there was a significant increase to Rs 8,000 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 8,800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 resulted in a 10% increase, bringing the current guideline value to Rs 8,800 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore village, 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 value is Rs 8,800 per sq.ft, which aligns with the guideline value of CANAL BANK ROAD(RA Puram).

Stamp duty and registration fee for property in CANAL BANK ROAD(RA Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CANAL BANK ROAD(RA Puram)?

The Sub Registrar Office that covers CANAL BANK ROAD(RA Puram) 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 in the registration process of property transactions in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than individual sale prices.

When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes. This helps maintain transparency and consistency in property transactions, as all buyers and sellers are subject to the same valuation criteria set by the Registration Department.

Frequently asked questions

What is the current guideline value of CANAL BANK ROAD(RA Puram)?

The current guideline value of CANAL BANK ROAD(RA Puram) 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 changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the land classification for CANAL BANK ROAD(RA Puram)?

CANAL BANK ROAD(RA Puram) is classified as Residential Class III Type - III.

Where can I find the Mylapore Sub Registrar Office?

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

How is the stamp duty calculated for properties on CANAL BANK ROAD(RA Puram)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 6,16,000.