Guideline Value for KABALEESWARAR SANNATHI STREET

Kabaleeswarar Sannathi Street guideline value

The current guideline value of Kabaleeswarar Sannathi Street is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kabaleeswarar Sannathi Street has changed

The guideline value for Kabaleeswarar Sannathi Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 15,400 per sq.ft, which is a 10% increase from the 2023 revision of Rs 14,000 per sq.ft. Prior to that, the 2012 revision also recorded Rs 14,000 per sq.ft, indicating no change during the period from 2012 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for these streets is Rs 8,800 per sq.ft, placing Kabaleeswarar Sannathi Street's 2024 figure above this median.

• Kabaleeswarar North Mada Street: Rs 11,500 per sq.ft (2024)
• Kabaleeswarar South Mada Street: Rs 14,300 per sq.ft (2024)
• Kabalee Vanabojana Thottam: Rs 6,000 per sq.ft (2024)
• Kabali Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 3rd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kabaleeswarar Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabaleeswarar Sannathi Street?

The Sub Registrar Office that covers Kabaleeswarar Sannathi 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Sannathi Street?

The current guideline value of Kabaleeswarar Sannathi Street is Rs 15,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024. There was no change from 2012 to 2023, with the value remaining at Rs 14,000 per sq.ft.

What is the land classification of Kabaleeswarar Sannathi Street?

Kabaleeswarar Sannathi Street is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Kabaleeswarar Sannathi Street?

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

How is the stamp duty calculated for properties in Mylapore?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,54,00,000 for a property, the stamp duty would be calculated at 7% of that amount.