Guideline Value for LEEN PERIRA STREET

Leen Perira Street guideline value

The current guideline value of Leen Perira Street is Rs 8,200 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 IV Type - I.

How the guideline value of Leen Perira Street has changed

Since the 2002 revision, the guideline value for Leen Perira Street has seen significant changes. In 2002, the value was Rs 783 per sq.ft, which increased to Rs 870 per sq.ft in 2003. The register does not have a figure for this street for the year 2007. In 2012, the value was Rs 7,500 per sq.ft, but it dropped to Rs 5,025 per sq.ft in 2017. The 2023 revision saw an increase to Rs 7,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 8,200 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is +947%. The change from 2003 to 2012 was +762%, followed by a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and from 2023 to 2024, it rose by +9%.

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 is Rs 8,800 per sq.ft, placing Leen Perira Street's 2024 figure below that median.

• Leeth Castle 1st Cross Street: Rs 11,500 per sq.ft (2024)
• Leeth Castle 2nd Cross Street: Rs 11,500 per sq.ft (2024)
• Leeth Castle Central Street: Rs 11,500 per sq.ft (2024)
• Leeth Castle North Street: Rs 11,500 per sq.ft (2024)
• Leeth Castle South Street: Rs 11,500 per sq.ft (2024)
• Leonard Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Leen Perira Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000. Together, the total cost for these fees would be Rs 7,38,000. It's important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Leen Perira Street?

The Sub Registrar Office that covers Leen Perira Street 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 a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Leen Perira Street?

The current guideline value of Leen Perira Street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 783 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of +947% over the years.

What are the stamp duty and registration fees for property in Leen Perira Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 82,00,000. The stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which office handles property registrations for Leen Perira Street?

The Mylapore Sub Registrar Office handles property registrations for Leen Perira Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Leen Perira Street?

Leen Perira Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.