Guideline Value for Play Ground View Street

Play Ground View Street guideline value

The current guideline value of Play Ground View Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Play Ground View Street has changed

The guideline value for Play Ground View Street has seen a revision from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking an increase of 10%. Prior to the 2023 revision, there are no figures available for this street in the register for the years 2017, 2012, 2007, 2003, and 2002.

This means that the most recent data reflects a significant rise in the guideline value, while the earlier revisions do not provide any figures for this particular street, indicating a lack of recorded values for those years.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Play Ground View Street's current figure well above this median.

• Poes Garden: Rs 19,800 per sq.ft (2024)
• Poes Road: Rs 10,900 per sq.ft (2024)
• Poes Road 1st Street: Rs 10,900 per sq.ft (2024)
• Poes Road 2nd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 3rd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 4th Street: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in Play Ground View Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Play Ground View Street?

The Sub Registrar Office that covers Play Ground View Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Play Ground View Street?

The current guideline value of Play Ground View Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for Play Ground View Street?

The land classification for Play Ground View Street is Residential Special Type - IV.

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

The Sub Registrar Office for Play Ground View Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 at 7%.