Guideline Value for KESAVAPERUMALPURAM NORTH AVENUE

Kesavaperumalpuram North Avenue guideline value

The current guideline value of Kesavaperumalpuram North Avenue is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Kesavaperumalpuram North Avenue has changed

The guideline value for Kesavaperumalpuram North Avenue has seen several revisions over the years. In the 2002 revision, the value was Rs 1,652 per sq.ft. This increased to Rs 1,835 per sq.ft in 2003, marking a change of +11%. The value continued to rise, reaching Rs 2,365 per sq.ft in 2007, which was a significant increase of +29%. Following this, the 2012 revision saw a decrease to Rs 15,000 per sq.ft, a change of -33%. The value then rose again to Rs 10,050 per sq.ft in 2017, reflecting a +49% increase. In the 2023 revision, the value was set at Rs 15,000 per sq.ft, and the most recent revision in 2024 saw it increase to Rs 16,500 per sq.ft, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +899%. There are no figures available for the revisions in years other than those specified.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Kesavaperumalpuram North Avenue's 2024 value above this median.

• Kesavaperumalpuram East Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumalpuram Park Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumalpuram Crescent Avenue: Rs 16,500 per sq.ft (2024)
• Kesavaperumal Sannadi East Street: Rs 8,800 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 Kesavaperumalpuram North 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. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Kesavaperumalpuram North Avenue?

The Kesavaperumalpuram North Avenue falls under the jurisdiction of 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 plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared to the sale price. The stamp duty is charged based on the higher of the two amounts, ensuring that the government receives the appropriate revenue from property transactions. Understanding the guideline value is essential for anyone looking to navigate the property market in Mylapore.

Frequently asked questions

What is the current guideline value of Kesavaperumalpuram North Avenue?

The current guideline value of Kesavaperumalpuram North 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 significantly over the years, with the most recent revision in 2024 showing an increase of +10% from the previous year. Overall, the value has increased by +899% from 2002 to 2024.

What is the land classification for Kesavaperumalpuram North Avenue?

The land classification for Kesavaperumalpuram North Avenue is Residential Class I Type - I, indicating its suitability for residential purposes.

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 stamp duty calculated for properties in Kesavaperumalpuram North Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 11,55,000 at a rate of 7%.