Guideline Value for RAJA ANNAMALAIPURAM 11TH CROSS STREET

Raja Annamalaipuram 11th Cross Street guideline value

The current guideline value for Raja Annamalaipuram 11th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - III.

How the guideline value of Raja Annamalaipuram 11th Cross Street has changed

Looking at the revisions, the guideline value for Raja Annamalaipuram 11th Cross Street has seen changes from previous years. In the 2012 revision, the value was Rs 16,000 per sq.ft, which remained unchanged until the 2023 revision. The 2023 revision also recorded a value of Rs 16,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 17,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register 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 for these streets is Rs 8,800 per sq.ft, placing the 2024 figure for Raja Annamalaipuram 11th Cross Street above this median.

• Raja Annamalaipuram 12th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 13th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 14th Cross Street: Rs 17,600 per sq.ft (2024)
• RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road): Rs 17,600 per sq.ft (2024)
• Raja Colony: Rs 8,800 per sq.ft (2024)
• Raghava Thottam Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Annamalaipuram 11th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, while the registration fee at 2% would be Rs 3,52,000, bringing the total fees to Rs 15,84,000. 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 Raja Annamalaipuram 11th Cross Street?

The Sub Registrar Office that covers Raja Annamalaipuram 11th Cross 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 more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Raja Annamalaipuram 11th Cross Street?

The current guideline value for Raja Annamalaipuram 11th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased by 10%. The value was Rs 16,000 per sq.ft in 2012 and remained the same until 2023, when it was still Rs 16,000 per sq.ft.

What is the land classification for Raja Annamalaipuram 11th Cross Street?

Raja Annamalaipuram 11th Cross Street is classified as Residential Special Type - III according to the land classification records.

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

The Sub Registrar Office for Raja Annamalaipuram 11th Cross Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Chennai is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.