Guideline Value for D'SILVA LANE

D'silva Lane guideline value

The current guideline value of D'silva Lane is Rs 9,900 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, with a land classification of Residential Class III Type - I.

How the guideline value of D'silva Lane has changed

The guideline value for D'silva Lane has seen significant changes over the years. The 2007 revision recorded a value of Rs 1,540 per sq.ft, which dramatically increased to Rs 9,000 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision has further raised this figure to Rs 9,900 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for D'silva Lane. The overall increase from the 2007 revision to the 2024 revision is a remarkable 543%, highlighting the significant growth in the guideline value over this period.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. D'silva Lane's 2024 figure of Rs 9,900 per sq.ft is above this median, indicating its relative position in the locality.

• D-Silva Road: Rs 16,500 per sq.ft (2024)
• Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street): Rs 15,900 per sq.ft (2024)
• Dr.Ranga Salai: Rs 16,500 per sq.ft (2024)
• Durga Bai Deshmuk Road: Rs 17,600 per sq.ft (2024)
• Dr.Radhakrishnan Salai (T.T.K. Road To Dr. Natesan Salai): Rs 25,800 per sq.ft (2024)
• DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai): Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in D'silva Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 detailed calculations.

Which Sub Registrar Office covers D'silva Lane?

D'silva Lane is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is a crucial factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a benchmark for the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The registration office will use this value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of D'silva Lane?

The current guideline value of D'silva Lane is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,540 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 543% over this period.

What is the land classification of D'silva Lane?

D'silva Lane is classified as Residential Class III Type - I under the Mylapore SRO.

What are the stamp duty and registration fees for property in D'silva Lane?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for D'silva Lane?

The Mylapore Sub Registrar Office handles registrations for D'silva Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.