Guideline Value for KESAVAPERUMALPURAM CENTRAL AVENUE

Kesavaperumalpuram Central Avenue guideline value

The current guideline value of Kesavaperumalpuram Central Avenue is Rs 16,500 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 I Type - I.

How the guideline value of Kesavaperumalpuram Central Avenue has changed

The guideline value for Kesavaperumalpuram Central Avenue has seen significant changes over the years. In 2002, the value was Rs 1,652 per sq.ft, which increased to Rs 1,835 per sq.ft in 2003. Following that, the value rose to Rs 3,537 per sq.ft in 2007, and then it experienced a substantial jump to Rs 15,000 per sq.ft in 2012. However, it decreased to Rs 10,050 per sq.ft in 2017. The value then increased to Rs 15,000 per sq.ft in 2023 and finally reached Rs 16,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 899%. The register has no figures for revisions in years other than those specified, which are 2002, 2003, 2007, 2012, 2017, 2023, and 2024.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, and Kesavaperumalpuram Central Avenue's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Kesavaperumalpuram Central Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000. The stamp duty at 7% would amount to Rs 11,55,000, while the registration fee at 2% would be Rs 3,30,000, bringing the total to Rs 14,85,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kesavaperumalpuram Central Avenue?

The Sub Registrar Office that covers Kesavaperumalpuram Central Avenue 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 an essential factor in the registration process when buying or selling property in Mylapore. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kesavaperumalpuram Central Avenue?

The current guideline value of Kesavaperumalpuram Central Avenue is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,652 per sq.ft in 2002 to Rs 16,500 per sq.ft in 2024, reflecting an overall increase of 899% over the years.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, with Kesavaperumalpuram Central Avenue's 2024 figure being above this median.

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

For a property valued at Rs 1,65,00,000, the stamp duty would be Rs 11,55,000, and the registration fee would be Rs 3,30,000, totaling Rs 14,85,000.

Which office handles the registration for Kesavaperumalpuram Central Avenue?

The Mylapore Sub Registrar Office handles the registration for Kesavaperumalpuram Central Avenue, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.