Guideline Value for LEETH CASTLE 1ST CROSS STREET

Leeth Castle 1st Cross Street guideline value

The current guideline value of Leeth Castle 1st Cross Street is Rs 11,500 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 II Type - III.

How the guideline value of Leeth Castle 1st Cross Street has changed

In the 2012 revision, the guideline value was Rs 10,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 11,500 per sq.ft, marking a 10% increase from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

For the years 2002, 2003, 2007, and 2017, the register has no figure for Leeth Castle 1st Cross Street. The only revisions with recorded figures are from 2012, 2023, and 2024.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Leeth Castle 1st Cross Street's 2024 figure above that median.

• Leen Perira Street: Rs 8,200 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 Leeth Castle 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Leeth Castle 1st Cross Street?

The Sub Registrar Office that covers Leeth Castle 1st Cross 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 an essential factor during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, providing transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Leeth Castle 1st Cross Street?

The current guideline value of Leeth Castle 1st Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 10,500 per sq.ft in 2023 to Rs 11,500 per sq.ft in 2024. From 2012 to 2024, there has been an overall increase of 10% from the initial value of Rs 10,500 per sq.ft.

What is the land classification for Leeth Castle 1st Cross Street?

Leeth Castle 1st Cross Street is classified as Residential Class II Type - III, indicating its designation for residential purposes within the area.

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

The Sub Registrar Office covering Leeth Castle 1st Cross Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.