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Guideline Value

Corporate

Guideline Value for LLOYDS ROAD (Natesan Road to Kamarajar Salai)

₹9300/sq.ft.

The guideline value for Lloyds Road (natesan Road To Kamarajar Salai) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 9300 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹9300 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /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 (natesan Road To Kamarajar Salai)

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LLOYDS ROAD (Natesan Road to Kamarajar Salai) guideline value

The current guideline value of LLOYDS ROAD (Natesan Road to Kamarajar Salai) is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, classified as Residential Class III Type - II.

How the guideline value of LLOYDS ROAD (Natesan Road to Kamarajar Salai) has changed

The guideline value for LLOYDS ROAD has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 8,500 per sq.ft. This was followed by a decrease to Rs 5,695 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 8,500 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 9,300 per sq.ft, marking a 9% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, positioning LLOYDS ROAD (Natesan Road to Kamarajar Salai) above this median.

Stamp duty and registration fee for property in LLOYDS ROAD (Natesan Road to Kamarajar Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total fees to Rs 8,37,000. It is important to note that the 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 LLOYDS ROAD (Natesan Road to Kamarajar Salai)?

The Sub Registrar Office that covers LLOYDS ROAD (Natesan Road to Kamarajar Salai) 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 during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in the property market.

When registering a property, 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 LLOYDS ROAD (Natesan Road to Kamarajar Salai)?

The current guideline value of LLOYDS ROAD (Natesan Road to Kamarajar Salai) is Rs 9,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the overall change in the guideline value is an increase of 9%, moving from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for LLOYDS ROAD was Rs 5,695 per sq.ft in 2017, which was a decrease from Rs 8,500 per sq.ft in 2012.

What is the stamp duty rate for properties in LLOYDS ROAD?

The stamp duty rate for properties in LLOYDS ROAD is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Mylapore Sub Registrar Office?

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