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Guideline Value

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Guideline Value for MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢

₹8800/sq.ft.

The guideline value for Madhava Perumal Koil 1st Lane (g.n.chetty Street) «ï£¢â¤ô¢ in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Madhava Perumal Koil 1st Lane (g.n.chetty Street) «ï£¢â¤ô¢

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MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢ guideline value

The current guideline value of MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢ is Rs 8,800 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 - III.

How the guideline value of MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢ has changed

In the 2017 revision, the guideline value was Rs 5,360 per sq.ft. This figure increased significantly to Rs 8,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw another increase to Rs 8,800 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012.

Guideline values in Mylapore

Mylapore 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 is Rs 8,800 per sq.ft, which is the same as the current value for MADHAVA PERUMAL KOIL 1ST LANE.

Stamp duty and registration fee for property in MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total charges to Rs 7,92,000. 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 detailed calculations.

Which Sub Registrar Office covers MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢?

The Sub Registrar Office that covers MADHAVA PERUMAL KOIL 1ST LANE 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 plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for MADHAVA PERUMAL KOIL 1ST LANE?

The current guideline value for MADHAVA PERUMAL KOIL 1ST LANE (G.N.Chetty Street) «ï£¢â¤ô¢ is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024, which is a 10% increase. Overall, from 2017 to 2024, the increase is 64% from Rs 5,360 per sq.ft.

What is the land classification for MADHAVA PERUMAL KOIL 1ST LANE?

MADHAVA PERUMAL KOIL 1ST LANE is classified as Residential Class III Type - III.

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

The Sub Registrar Office covering MADHAVA PERUMAL KOIL 1ST LANE is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, for a property valued at Rs 88,00,000, the stamp duty at 7% would be Rs 6,16,000.