Guideline Value for Kavingnar Bharathidhasan Road

Kavingnar Bharathidhasan Road guideline value

The current guideline value for Kavingnar Bharathidhasan Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 2 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 register shows no figures for Kavingnar Bharathidhasan Road for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was 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 change from Rs 13,000 in 2023 to Rs 14,300 in 2024, marking a significant adjustment in the guideline value for this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Kavingnar Bharathidhasan Road is above this 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavingnar Bharathidhasan Road?

Kavingnar Bharathidhasan Road is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions in Mylapore Part 2.

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 did the guideline value change from 2023 to 2024?

The guideline value changed 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?

Kavingnar Bharathidhasan Road is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Kavingnar Bharathidhasan Road?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the property being transacted.