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Guideline Value

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Guideline Value for CANAL BANK ROAD(ST. MARY'S ROAD TO RA PURAM III CROSS STREET)

₹8800/sq.ft.

The guideline value for Canal Bank Road(st. Mary's Road To Ra Puram Iii 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(st. Mary's Road To Ra Puram Iii Cross Street)

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Canal Bank Road(St. Mary's Road To Ra Puram III Cross Street) guideline value

The current guideline value for Canal Bank Road (St. Mary's Road To Ra Puram III 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(St. Mary's Road To Ra Puram III Cross Street) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was Rs 8,000 per sq.ft, which then decreased to Rs 5,360 per sq.ft in 2017. Following this, the value increased significantly to Rs 8,000 per sq.ft in 2023, and further rose to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have 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 is Rs 8,800 per sq.ft, which is equal to the current guideline value of Canal Bank Road (St. Mary's Road To Ra Puram III Cross Street).

Stamp duty and registration fee for property in Canal Bank Road(St. Mary's Road To Ra Puram III Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value is 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, making the total cost Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Canal Bank Road(St. Mary's Road To Ra Puram III Cross Street)?

The Canal Bank Road (St. Mary's Road To Ra Puram III Cross Street) is covered by 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 is a crucial factor in property transactions within Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for the property, which is necessary for legal documentation and taxation purposes. It is essential for both parties to understand the guideline value to avoid any discrepancies during the sale process.

Frequently asked questions

What is the current guideline value for Canal Bank Road (St. Mary's Road To Ra Puram III Cross Street)?

The current guideline value for Canal Bank Road (St. Mary's Road To Ra Puram III 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 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?

Canal Bank Road (St. Mary's Road To Ra Puram III Cross Street) is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for properties on Canal Bank Road?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for Canal Bank Road?

The Mylapore Sub Registrar Office handles the registration for Canal Bank Road (St. Mary's Road To Ra Puram III Cross Street), located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.