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Guideline Value

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Guideline Value for PALMGROVE (THIRU V.Ka.STREET)

₹8800/sq.ft.

The guideline value for Palmgrove (thiru V.ka.street) 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 ₹8000 /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 Palmgrove (thiru V.ka.street)

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PALMGROVE (THIRU V.Ka.STREET) guideline value

The current guideline value of PALMGROVE (THIRU V.Ka.STREET) is Rs 8,800 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 III Type - III.

How the guideline value of PALMGROVE (THIRU V.Ka.STREET) has changed

The guideline value for PALMGROVE (THIRU V.Ka.STREET) has seen several revisions over the years. The 2012 revision set the value at Rs 8,000 per sq.ft, which decreased to Rs 5,360 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 8,000 per sq.ft in 2023, and further rose to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Mylapore

In Mylapore, there are 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 is Rs 8,800 per sq.ft, which is equal to the current value for PALMGROVE (THIRU V.Ka.STREET).

Stamp duty and registration fee for property in PALMGROVE (THIRU V.Ka.STREET)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 88,00,000. The stamp duty is calculated at 7%, totaling Rs 6,16,000, while the registration fee at 2% is Rs 1,76,000. Together, these fees amount to Rs 7,92,000. It is important to note that 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 details.

Which Sub Registrar Office covers PALMGROVE (THIRU V.Ka.STREET)?

The Sub Registrar Office that covers PALMGROVE (THIRU V.Ka.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 for additional information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that are applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the associated fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of PALMGROVE (THIRU V.Ka.STREET)?

The current guideline value of PALMGROVE (THIRU V.Ka.STREET) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the land classification for this street?

PALMGROVE (THIRU V.Ka.STREET) is classified as Residential Class III Type - III.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fee amounts to Rs 7,92,000, based on the current guideline value of Rs 88,00,000.

Which Sub Registrar Office covers PALMGROVE (THIRU V.Ka.STREET)?

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