Guideline Value for E DEPOT STREET

E Depot Street guideline value

The current guideline value of E Depot Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class V Type - III.

How the guideline value of E Depot Street has changed

The guideline value for E Depot Street has seen several revisions over the years. In 2002, the value was Rs 751 per sq.ft, which increased to Rs 835 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 900 per sq.ft in 2007, an 8% increase. A significant jump occurred in 2012 when the value reached Rs 3,000 per sq.ft, reflecting a 233% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 brought the value to Rs 3,300 per sq.ft, which is a 64% increase from 2017.

There is no figure available for the year 2023 in the register for E Depot Street. Overall, from 2002 to 2024, the guideline value has increased by 339%.

Guideline values in Mylapore

In Mylapore village, 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. E Depot Street's 2024 guideline value is below this median.

• E Depot Lane: Rs 3,300 per sq.ft (2024)
• Ekambaram Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 1st Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 2nd Street: Rs 3,300 per sq.ft (2024)
• East Tank Square Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in E Depot Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the 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 E Depot Street?

The Sub Registrar Office that covers E Depot Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected costs involved in the transaction. It is advisable to consult the guideline value register to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E Depot Street?

The current guideline value of E Depot Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 751 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 339% over the years.

What are the stamp duty and registration fees for property in E Depot Street?

The stamp duty is 7%, and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total of Rs 2,97,000 in fees.

Which Sub Registrar Office covers E Depot Street?

The Mylapore Sub Registrar Office covers E Depot Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification of E Depot Street?

E Depot Street is classified as Residential Class V Type - III under the Mylapore SRO.