Guideline Value for Kavingnar Bharathidhasan Road

Kavingnar Bharathidhasan Road guideline value

The current guideline value of Kavingnar Bharathidhasan Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Kavingnar Bharathidhasan Road has changed

The guideline value for Kavingnar Bharathidhasan Road has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 13,000 per sq.ft, which increased by 10% to Rs 14,300 per sq.ft in the 2024 revision.

This increase reflects a significant adjustment in the guideline value, moving from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024. The current value indicates a positive change in the valuation of properties along this road.

Guideline values in Mylapore Part 1

Mylapore Part 1 village has a range of guideline values for its 333 streets under the Chennai Central Joint I SRO, with figures varying from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Kavingnar Bharathidhasan Road's 2024 figure above that median.

• Kasthuri Ranga Road: Rs 17,500 per sq.ft (2024)
• Kasthuri Ranga 1st Lane: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate MainRoad: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 3rd Street: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 3rd Lane: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 2nd Street: Rs 17,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kavingnar Bharathidhasan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total cost to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kavingnar Bharathidhasan Road?

Kavingnar Bharathidhasan Road falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during property registration in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kavingnar Bharathidhasan Road?

The current guideline value of Kavingnar Bharathidhasan Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Kavingnar Bharathidhasan Road?

The land classification for Kavingnar Bharathidhasan Road is Residential Special Type - IV.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Kavingnar Bharathidhasan Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000.