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Guideline Value

Corporate

Guideline Value for Prasanna Vinayagar Koil 3rd Street

₹8700/sq.ft.

The guideline value for Prasanna Vinayagar Koil 3rd Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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 Prasanna Vinayagar Koil 3rd Street

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Prasanna Vinayagar Koil 3rd Street guideline value

The current guideline value of Prasanna Vinayagar Koil 3rd Street is Rs 8,700 per sq.ft. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Class I Type - III.

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

The guideline value for Prasanna Vinayagar Koil 3rd Street has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in the 2024 revision, reflecting a change of +9%.

With the 2024 revision, the current guideline value stands at Rs 8,700 per sq.ft. This figure is a notable increase from the previous year's value, indicating a significant adjustment in the pricing for this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Prasanna Vinayagar Koil 3rd Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 8,700 per sq.ft, the 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, totaling Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further 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 falls under 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 2

The guideline value plays a crucial role during property registration in Mylapore Part 2. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, 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 the government receives the correct revenue from property transactions.

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 has changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Prasanna Vinayagar Koil 3rd Street?

Prasanna Vinayagar Koil 3rd Street is classified as Residential Class I Type - III according to the guideline value register.

What are the stamp duty and registration fees for a property here?

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

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

The Sub Registrar Office covering Prasanna Vinayagar Koil 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can visit the office for registration-related queries.