Guideline Value for LOOP STREET

Loop Street guideline value

The current guideline value for Loop Street in Mylapore village, under the Mylapore SRO, is not published. The last notified rate was Rs 1,160 per sq.ft during the 2003 revision.

How the guideline value of Loop Street has changed

The guideline value for Loop Street was last recorded at Rs 1,160 per sq.ft in the 2003 revision. Prior to this, in the 2002 revision, the rate was Rs 1,044 per sq.ft, indicating an increase of 11% from the previous year.

The register has no figures for the revisions in 2007, 2012, 2017, 2023, and 2024. Therefore, no changes can be noted for these years.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft, and the median is Rs 8,800 per sq.ft. Loop Street has not been assigned a current rate, but it is important to consider the values of other streets in the area.

• Loop Road (Govt.Quarters): Rs 8,200 per sq.ft (2024)
• Loop 2nd Street: Rs 8,200 per sq.ft (2024)
• Loop Street (C.I.T. Colony): Rs 9,900 per sq.ft (2024)
• Loop 1st Street: Rs 8,200 per sq.ft (2024)
• Loop Street (Mandavelipakkam): Rs 3,300 per sq.ft (2024)
• Loganathan Colony: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Loop Street

There is no current rate for Loop Street to provide a worked example. Stamp duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Loop Street?

The Sub Registrar Office that covers Loop 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 here.

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

The guideline value is a crucial figure used during property registration in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value is compared to the sale price. The stamp duty is then applied to the higher of the two values, which is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Loop Street?

The current guideline value for Loop Street is not published. The last notified rate was Rs 1,160 per sq.ft during the 2003 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,044 per sq.ft in 2002 to Rs 1,160 per sq.ft in 2003, reflecting an 11% increase. There are no figures available for the revisions in 2007, 2012, 2017, 2023, and 2024.

What are the guideline values of other streets in Mylapore?

Other streets in Mylapore have varying guideline values, with rates ranging from Rs 3,300 to Rs 25,800 per sq.ft in 2024. The median value for the area is Rs 8,800 per sq.ft.

Where can I find the Sub Registrar Office for Loop Street?

The Sub Registrar Office for Loop 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 in Mylapore?

Stamp duty in Mylapore is charged on the higher of the guideline value and the sale price of the property. It is important to use the stamp duty and registration fee calculator for accurate calculations.