Guideline Value for P.S.SIVASAMI SALAI (C.I.T. 1ST CROSS STREET TO NORTH END OF THE ROAD)

P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road) guideline value

The current guideline value for P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road) is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, classified as Residential Special Type - III.

How the guideline value of P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road) has changed

The guideline value for P.S.Sivasami Salai has undergone several revisions over the years. In the 2012 revision, the value was Rs 16,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased by 10% to Rs 17,600 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

Mylapore 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, making the current value of P.S.Sivasami Salai above the median.

• Ps Sivasamy Iyer 1st Lane: Rs 13,200 per sq.ft (2024)
• Ps Sivasamy Iyer 1st Street: Rs 13,200 per sq.ft (2024)
• Ps Sivasamy Iyer 2nd Lane: Rs 13,200 per sq.ft (2024)
• Pro Quarters: Rs 7,100 per sq.ft (2024)
• Ps. Sivasamy Iyer Street (From R.H. Road To Cit Colony 1st Cross Street): Rs 22,000 per sq.ft (2024)
• Prithivi Avenue: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road)?

The Sub Registrar Office covering P.S.Sivasami 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 in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of these values helps in ensuring compliance with local regulations during property registration.

Frequently asked questions

What is the current guideline value of P.S.Sivasami Salai?

The current guideline value of P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road) is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16,000 per sq.ft in 2012 to Rs 16,000 in 2023, and then increased to Rs 17,600 in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the classification of land on P.S.Sivasami Salai?

P.S.Sivasami Salai is classified as Residential Special Type - III, which indicates its intended use for residential purposes within the area.

What are the stamp duty rates for properties in Mylapore?

The stamp duty rate for properties in Mylapore is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for P.S.Sivasami Salai?

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