Guideline Value for KESAVAPERUMAL KOIL SANNADI WEST STREET

Kesavaperumal Koil Sannadi West Street guideline value

The current guideline value of Kesavaperumal Koil Sannadi West 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 West Street has changed

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

Overall, from 2002 to 2024, the guideline value has increased by 909%. The register has no figures for revisions in years other than those specified.

Guideline values in Mylapore

Mylapore village has 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 matches the current figure for Kesavaperumal Koil Sannadi West Street.

• Kesavaperumal Koil Sannadi Street: Rs 8,800 per sq.ft (2024)
• Kesavaperumal Koil Sannadi South / Arisikkaran 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 West 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, resulting in a total of Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kesavaperumal Koil Sannadi West Street?

The Kesavaperumal Koil Sannadi West Street is covered by 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 is a critical factor in property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The authorities use this value to ensure that the transaction is recorded accurately and that the appropriate taxes are collected.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should consult the guideline value register to understand the applicable rates and ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Kesavaperumal Koil Sannadi West 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 is the land classification of Kesavaperumal Koil Sannadi West Street?

Kesavaperumal Koil Sannadi West Street is classified as Residential Class III Type - III.

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office 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?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty at 7% would be Rs 6,16,000.