Guideline Value for Prasanna Vinayagar Koil 3rd Street

Prasanna Vinayagar Koil 3rd Street guideline value

The current guideline value of Prasanna Vinayagar Koil 3rd Street is Rs 8,700 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 Class I Type - III.

How the guideline value of Prasanna Vinayagar Koil 3rd Street has changed

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The recent 2024 revision has increased this to Rs 8,700 per sq.ft, marking a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With the latest revision, the guideline value for Prasanna Vinayagar Koil 3rd Street reflects a significant update. The previous values in the register for the earlier years are not available, indicating that the current value is based on the most recent assessments.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a guideline value for 2024 ranging 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 Prasanna Vinayagar Koil 3rd Street's value below this median.

• Prasanna Vinayagar Koil Street: Rs 8,700 per sq.ft (2024)
• Prasanna Vinayagar Koil 2nd Street: Rs 8,700 per sq.ft (2024)
• Prasanna Vinayagar Koil 1st Street: Rs 8,700 per sq.ft (2024)
• Pudupet Garden 1st Lane: Rs 7,700 per sq.ft (2024)
• Pudupet Garden 2nd Lane: Rs 7,700 per sq.ft (2024)
• Pudupet Garden 3rd Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Prasanna Vinayagar Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total fees together to Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Prasanna Vinayagar Koil 3rd Street?

The Prasanna Vinayagar Koil 3rd Street is covered by 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 more information.

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

The guideline value plays a crucial role during the registration 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, ensuring compliance with legal requirements.

When buying or selling property, the guideline value is referenced to ascertain the official value of the property being transacted. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are levied based on the established guideline values.

Frequently asked questions

What is the current guideline value of Prasanna Vinayagar Koil 3rd Street?

The current guideline value of Prasanna Vinayagar Koil 3rd Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Prasanna Vinayagar Koil 3rd Street's value is below this median.

What fees are associated with property transactions in Prasanna Vinayagar Koil 3rd Street?

For a property valued at Rs 87,00,000, the stamp duty is Rs 6,09,000 and the registration fee is Rs 1,74,000, totaling Rs 7,83,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Prasanna Vinayagar Koil 3rd Street?

The Sub Registrar Office covering Prasanna Vinayagar Koil 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information online.