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Guideline Value

Corporate

Guideline Value for LLOYDS ROAD (RH Road to Gowdia Madam Salai)

₹13200/sq.ft.

The guideline value for Lloyds Road (rh Road To Gowdia Madam Salai) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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 (rh Road To Gowdia Madam Salai)

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LLOYDS ROAD (RH Road to Gowdia Madam Salai) guideline value

The current guideline value of LLOYDS ROAD (RH Road to Gowdia Madam Salai) is Rs 13,200 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 II Type - I.

How the guideline value of LLOYDS ROAD (RH Road to Gowdia Madam Salai) has changed

The guideline value for LLOYDS ROAD (RH Road to Gowdia Madam Salai) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 12,000 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 8,040 per sq.ft. However, the value increased significantly in the 2023 revision to Rs 12,000 per sq.ft, and then again to Rs 13,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Between these revisions, the guideline value saw notable changes. From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values 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 the 2024 figure for LLOYDS ROAD (RH Road to Gowdia Madam Salai) above this median.

Stamp duty and registration fee for property in LLOYDS ROAD (RH Road to Gowdia Madam Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees together to Rs 11,88,000. It is important to note that the 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 information.

Which Sub Registrar Office covers LLOYDS ROAD (RH Road to Gowdia Madam Salai)?

The Sub Registrar Office that covers LLOYDS ROAD (RH Road to Gowdia Madam 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 details.

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

The guideline value is a crucial factor when buying or selling property 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 a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is accurately recorded and taxed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value for LLOYDS ROAD (RH Road to Gowdia Madam Salai)?

The current guideline value for LLOYDS ROAD (RH Road to Gowdia Madam Salai) is Rs 13,200 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 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then back to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification for LLOYDS ROAD (RH Road to Gowdia Madam Salai)?

LLOYDS ROAD (RH Road to Gowdia Madam Salai) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 1,32,00,000, the stamp duty is Rs 9,24,000 and the registration fee is Rs 2,64,000, totaling Rs 11,88,000.

Which office handles registrations for LLOYDS ROAD (RH Road to Gowdia Madam Salai)?

The Mylapore Sub Registrar Office handles registrations for LLOYDS ROAD (RH Road to Gowdia Madam Salai), located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.