Guideline Value for KESAVAPERUMAL KOIL SANNADI STREET

Kesavaperumal Koil Sannadi Street guideline value

The current guideline value of Kesavaperumal Koil Sannadi Street is Rs 8,800 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 III Type - III.

How the guideline value of Kesavaperumal Koil Sannadi Street has changed

Over the years, the guideline value of Kesavaperumal Koil Sannadi Street has seen significant changes. In the 2002 revision, the value was Rs 872 per sq.ft. This rose to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value continued to rise to Rs 1,540 per sq.ft in 2007, which was a 59% increase. By 2012, the value reached Rs 8,000 per sq.ft, reflecting a substantial increase of 419%. However, it then dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw the value increase again to Rs 8,000 per sq.ft, followed by a further rise to the current value of Rs 8,800 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 909%.

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, which is the same as the current value for Kesavaperumal Koil Sannadi Street.

• Kesavaperumal Koil Sannadi South / Arisikkaran Street: Rs 8,800 per sq.ft (2024)
• Kesavaperumal Koil Sannadi West Street: Rs 8,800 per sq.ft (2024)
• Kesavaperumalpuram Central Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumalpuram Crescent Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumalpuram East Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumalpuram North Avenue: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavaperumal Koil Sannadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kesavaperumal Koil Sannadi Street?

The Sub Registrar Office that covers Kesavaperumal Koil Sannadi 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 more details.

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

The guideline value plays a crucial role during property registration in Mylapore. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kesavaperumal Koil Sannadi Street?

The current guideline value of Kesavaperumal Koil Sannadi Street is Rs 8,800 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 872 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 909% over the years.

What are the other streets in Mylapore with similar guideline values?

Other streets in Mylapore, such as Kesavaperumal Koil Sannadi South / Arisikkaran Street and Kesavaperumal Koil Sannadi West Street, also have a guideline value of Rs 8,800 per sq.ft in 2024.

What is the stamp duty on property in Kesavaperumal Koil Sannadi Street?

The stamp duty on property in Kesavaperumal Koil Sannadi Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000.

Which office handles property registration for Kesavaperumal Koil Sannadi Street?

The Mylapore Sub Registrar Office handles property registration for Kesavaperumal Koil Sannadi Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.