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Guideline Value

Corporate

Guideline Value for LLOYDS ROAD (From RH Road to Dr.Natsan Road)

₹11500/sq.ft.

The guideline value for Lloyds Road (from Rh Road To Dr.natsan Road) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 11500 per sq.ft, effective 1 July 2024. It was Rs 10500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹11500 /sq.ft.
From 1-4-2023 ₹10500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹10500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Lloyds Road (from Rh Road To Dr.natsan Road)

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LLOYDS ROAD (From RH Road to Dr.Natsan Road) guideline value

The current guideline value of LLOYDS ROAD (From RH Road to Dr.Natsan Road) is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the jurisdiction of the Mylapore SRO, and is classified as Residential Class II Type - III.

How the guideline value of LLOYDS ROAD (From RH Road to Dr.Natsan Road) has changed

The guideline value for LLOYDS ROAD (From RH Road to Dr.Natsan Road) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 10,500 per sq.ft. This figure remained unchanged until the next revision in 2023, which also recorded Rs 10,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

The guideline values for properties in Mylapore show a range from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of LLOYDS ROAD (From RH Road to Dr.Natsan Road) is above this median, reflecting its status in the locality.

Stamp duty and registration fee for property in LLOYDS ROAD (From RH Road to Dr.Natsan Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers LLOYDS ROAD (From RH Road to Dr.Natsan Road)?

The Sub Registrar Office that covers LLOYDS ROAD (From RH Road to Dr.Natsan 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 more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value ensures that the transaction is documented at a price that reflects the current market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of LLOYDS ROAD (From RH Road to Dr.Natsan Road)?

The current guideline value of LLOYDS ROAD (From RH Road to Dr.Natsan Road) is Rs 11,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 10,500 per sq.ft in 2012 to Rs 11,500 per sq.ft in 2024, marking a 10% increase overall. There was no change recorded between 2012 and 2023, where the value remained at Rs 10,500 per sq.ft.

What are the other streets in Mylapore with their guideline values?

Other streets in Mylapore have varying guideline values, with some examples being Lloyds Road 2nd Street at Rs 8,800 per sq.ft, and Lloyds Road 1st Street at Rs 13,200 per sq.ft for 2024.

What is the stamp duty rate for properties in Mylapore?

The stamp duty rate for properties in Mylapore is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration of property transactions.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Mylapore Sub Registrar Office located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street Alwarpet, Chennai -600018. For more information, you can use the provided link to find your SRO.