Guideline Value for KESAVAPERUMAL SANNADI EAST STREET

Kesavaperumal Sannadi East Street guideline value

The current guideline value of Kesavaperumal Sannadi East 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 Sannadi East Street has changed

The guideline value for Kesavaperumal Sannadi East Street has seen significant changes over the years. In the 2002 revision, the value was Rs 872 per sq.ft, which increased to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,540 per sq.ft in 2007, reflecting a substantial increase of 59%. The 2012 revision set the value at Rs 8,000 per sq.ft, a remarkable increase of 419% from the previous figure. However, in the 2017 revision, the value decreased to Rs 5,360 per sq.ft, showing a decline of 33%. The 2023 revision brought the value back up to Rs 8,000 per sq.ft, and the most recent 2024 revision set it at Rs 8,800 per sq.ft, representing a 10% increase.

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

Guideline values in Mylapore

In Mylapore, there are a total of 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median for these streets is Rs 8,800 per sq.ft, making the guideline value of Kesavaperumal Sannadi East Street equal to this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kesavaperumal Sannadi East Street?

The Sub Registrar Office that covers Kesavaperumal Sannadi East 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 information.

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

The guideline value is a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with legal requirements.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value of Kesavaperumal Sannadi East 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, starting from Rs 872 per sq.ft in 2002 and reaching Rs 8,800 per sq.ft in 2024, which represents an overall increase of 909%.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore for 2024 is Rs 8,800 per sq.ft, which is the same as the guideline value for Kesavaperumal Sannadi East Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sub Registrar Office for Kesavaperumal Sannadi East Street located?

The Sub Registrar Office for Kesavaperumal Sannadi East Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.