Guideline Value for KANDASAMY STREET (DR.RADHAKRISHNAN SALAI)

Kandasamy Street (Dr.Radhakrishnan Salai) guideline value

The current guideline value of Kandasamy Street (Dr.Radhakrishnan Salai) is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class II Type - I.

How the guideline value of Kandasamy Street (Dr.Radhakrishnan Salai) has changed

The guideline value for Kandasamy Street has seen several revisions over the years. The oldest recorded figure is from 2012, set at Rs 12,000 per sq.ft. This was followed by a decrease to Rs 8,040 per sq.ft in 2017, marking a -33% change. In 2023, the value increased significantly to Rs 12,000 per sq.ft, and the latest revision in 2024 has brought it to Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 12,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 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 value for these streets is Rs 8,800 per sq.ft, placing Kandasamy Street (Dr.Radhakrishnan Salai) above this median at Rs 13,200 per sq.ft.

• Kandasamy St (Ra Puram): Rs 8,800 per sq.ft (2024)
• Kandasamy Street (Mylapore): Rs 8,200 per sq.ft (2024)
• Kandasamy Lane: Rs 7,100 per sq.ft (2024)
• Kangaiamman Koil Lane: Rs 8,200 per sq.ft (2024)
• Kangaiamman Koil Street: Rs 8,200 per sq.ft (2024)
• Kangaiya Puram: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandasamy Street (Dr.Radhakrishnan Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. 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 Kandasamy Street (Dr.Radhakrishnan Salai)?

The Sub Registrar Office that covers Kandasamy Street (Dr.Radhakrishnan 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 critical factor in the property registration process in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value acts as a benchmark for both parties involved in the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kandasamy Street (Dr.Radhakrishnan Salai)?

The current guideline value of Kandasamy Street (Dr.Radhakrishnan Salai) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, representing a 10% increase. It was Rs 8,040 per sq.ft in 2017 and Rs 12,000 per sq.ft in 2012.

What is the land classification of Kandasamy Street?

Kandasamy Street (Dr.Radhakrishnan Salai) is classified as Residential Class II Type - I under the Mylapore SRO.

Where can I find the Sub Registrar Office for Kandasamy Street?

The Sub Registrar Office for Kandasamy Street (Dr.Radhakrishnan Salai) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Kandasamy Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 9,24,000.