Guideline Value for CHIDAMBARAM SAMY KOIL 4TH STREET

Chidambaram Samy Koil 4th Street guideline value

The current guideline value of Chidambaram Samy Koil 4th Street is Rs 7,100 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 IV Type - III.

How the guideline value of Chidambaram Samy Koil 4th Street has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 783 per sq.ft, which increased to Rs 870 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,540 per sq.ft in 2007, reflecting a substantial increase of 77%. By 2012, the value remained at Rs 6,500 per sq.ft, but from 2012 to 2023, there was no change. The 2023 revision also recorded Rs 6,500 per sq.ft, before increasing to Rs 7,100 per sq.ft in 2024, which is a 9% increase.

It is important to note that there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 807%.

Guideline values in Mylapore

Mylapore 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, placing the 2024 figure for Chidambaram Samy Koil 4th Street below this median.

• Chidambaram Samy Koil 3rd Street: Rs 7,100 per sq.ft (2024)
• Chidambaram Samy Koil Street: Rs 7,100 per sq.ft (2024)
• Chidambaram Samy Koil 2nd Street: Rs 7,100 per sq.ft (2024)
• Chenkazhuneer Pilliayar Koil Street: Rs 11,000 per sq.ft (2024)
• Chitrakulam East Street: Rs 8,800 per sq.ft (2024)
• Chitrakulam North Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Samy Koil 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, resulting in a total of Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chidambaram Samy Koil 4th Street?

The Sub Registrar Office that covers Chidambaram Samy Koil 4th 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 is a critical reference point during property transactions in Mylapore. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements of property transactions.

When a property is registered, the guideline value or the sale price, whichever is higher, will determine the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chidambaram Samy Koil 4th Street?

The current guideline value of Chidambaram Samy Koil 4th Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 783 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 807%.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the current guideline value of Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Chidambaram Samy Koil 4th Street?

The Mylapore Sub Registrar Office covers Chidambaram Samy Koil 4th Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, which is higher than the current guideline value of Chidambaram Samy Koil 4th Street.