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Guideline Value

Corporate

Guideline Value for DR. SIVASAMY SALAI (CIT COLONY 1ST CROSS ST TO NORTH END OF THE STREET)

₹15900/sq.ft.

The guideline value for Dr. Sivasamy Salai (cit Colony 1st Cross St To North End Of The Street) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 15900 per sq.ft, effective 1 July 2024. It was Rs 14500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹15900 /sq.ft.
From 1-4-2023 ₹14500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹14500 /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 Dr. Sivasamy Salai (cit Colony 1st Cross St To North End Of The Street)

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Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street) guideline value

The current guideline value of Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street) is Rs 15,900 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 I Type - II.

How the guideline value of Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street) has changed

The guideline value for Dr. Sivasamy Salai has seen several revisions over the years. The 2012 revision set the value at Rs 14,500 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 14,500 per sq.ft. The 2024 revision marked a significant increase to Rs 15,900 per sq.ft, reflecting a 10% rise from the previous year.

Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Dr. Sivasamy Salai's 2024 figure above this median.

Stamp duty and registration fee for property in Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, making the total cost for these fees Rs 14,31,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street)?

The Sub Registrar Office covering Dr. Sivasamy Salai 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 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 is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value ensures that properties are valued fairly and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Dr. Sivasamy Salai?

The current guideline value of Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street) is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 14,500 per sq.ft in 2012 to Rs 15,900 per sq.ft in 2024, marking a 10% increase overall. There was no change in the value from 2012 to 2023.

What is the land classification for Dr. Sivasamy Salai?

Dr. Sivasamy Salai is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty rates for property in Dr. Sivasamy Salai?

The stamp duty for property in Dr. Sivasamy Salai is charged at 7% of the guideline value or the sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where is the Sub Registrar Office for Dr. Sivasamy Salai located?

The Sub Registrar Office for Dr. Sivasamy Salai is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.