Guideline Value for LADY DESIGACHARI ROAD

Lady Desigachari Road guideline value

The current guideline value of Lady Desigachari Road 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 Lady Desigachari Road has changed

In the 2012 revision, the guideline value was Rs 15,000 per sq.ft. This value decreased to Rs 10,050 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly by 64%, reaching the current figure of Rs 16,500 per sq.ft.

The register has no figures for the years 2023, 2007, 2003, and 2002 for Lady Desigachari Road. Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value.

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 value for these streets is Rs 8,800 per sq.ft, making the guideline value of Lady Desigachari Road above the median.

• Kuyil Thottam: Rs 3,300 per sq.ft (2024)
• Kutti Kiramani Street: Rs 8,800 per sq.ft (2024)
• Kutti Kiramani 2nd Street: Rs 8,800 per sq.ft (2024)
• Kutti Kiramani 1st Street: Rs 8,800 per sq.ft (2024)
• Kutchery Road: Rs 22,000 per sq.ft (2024)
• Kutchery Lane: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Lady Desigachari Road

For a 1,000 sq.ft plot at the current rate of Rs 16,500 per sq.ft, the guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lady Desigachari Road?

The Sub Registrar Office that covers Lady Desigachari Road 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lady Desigachari Road?

The current guideline value of Lady Desigachari Road 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 15,000 per sq.ft in 2012 to Rs 10,050 per sq.ft in 2017, and then increased to Rs 16,500 per sq.ft in 2024. There are no figures available for the years 2023, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Lady Desigachari Road?

For a property valued at Rs 1,65,00,000, the stamp duty is Rs 11,55,000 and the registration fee is Rs 3,30,000, totaling Rs 14,85,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Lady Desigachari Road?

The Mylapore Sub Registrar Office covers Lady Desigachari Road, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the median guideline value for streets in Mylapore?

The median guideline value for the 883 streets in Mylapore under the Mylapore SRO is Rs 8,800 per sq.ft. Lady Desigachari Road's guideline value is above this median.